Beliefs in Repeated Games
AbstractConsider a two-player discounted infinitely repeated game. A player's belief is a probability distribution over the opponent's repeated game strategies. This paper shows that, for a large class of repeated games, there are no beliefs that satisfy three conditions, learnability, consistency, and a diversity condition, CS. This impossibility theorem generalizes results in Nachbar (1997).
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Bibliographic InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0597.
Date of creation: Sep 2003
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