Bayesian and Consistent Assessments
AbstractIn a Bayesian assessment beliefs are computed from the strategy profile following Bayes’ rule at positive probability information sets and for every subgame. We characterize the set of extensive-forms (extensive-form games without a payoff assignment) for which the sets of Bayesian assessments and consistent assessments coincide. In doing so we disentangle the different restrictions imposed by consistency across information sets.
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Bibliographic InfoPaper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2009-13.
Length: 29 pages
Date of creation: Nov 2009
Date of revision:
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Backwards induction; Bayesian assessments; Consistent assessments; Sequential equilibrium; Extensive-forms;
Find related papers by JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
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