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Bayesian and Consistent Assessments

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Author Info

  • Carlos Pimienta

    ()
    (School of Economics, The University of New South Wales)

Abstract

In 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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File URL: http://research.economics.unsw.edu.au/RePEc/papers/2009-13.pdf
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Bibliographic Info

Paper provided by School of Economics, The University of New South Wales in its series Discussion Papers with number 2009-13.

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Length: 29 pages
Date of creation: Nov 2009
Date of revision:
Handle: RePEc:swe:wpaper:2009-13

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Related research

Keywords: Backwards induction; Bayesian assessments; Consistent assessments; Sequential equilibrium; Extensive-forms;

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