Quantified beliefs and believed quantities
That people estimate quantities, or have beliefs about them, is a daily observable phenomenon. People also quantify their beliefs, at least in theory, by ascribing to them probability numbers. It is shown that quantified beliefs and estimations give rise to the same model, that of a type space, and can therefore be viewed as the two sides of the same coin. We study the axiom that an agent's estimation of his own estimation is correct, showing it to be weaker than the introspection axiom, according to which an agent is certain of his own probabilistic beliefs. It implies, however, that the agent is certain that he is introspective, and it is equivalent to the axioms of averaging and conditioning, which are expressed in terms of probabilistic beliefs.
|Date of creation:||10 May 1998|
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|Note:||Type of Document - pdflatex, postscript; prepared on windows 95; pages: 13|
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References listed on IDEAS
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- Monderer, Dov & Samet, Dov, 1989. "Approximating common knowledge with common beliefs," Games and Economic Behavior, Elsevier, vol. 1(2), pages 170-190, June.
- Robert J. Aumann, 1999. "Interactive epistemology II: Probability," International Journal of Game Theory, Springer, vol. 28(3), pages 301-314.
- Samet, Dov, 1998. "Iterated Expectations and Common Priors," Games and Economic Behavior, Elsevier, vol. 24(1-2), pages 131-141, July.
- Heifetz, Aviad & Samet, Dov, 1998.
"Topology-Free Typology of Beliefs,"
Journal of Economic Theory,
Elsevier, vol. 82(2), pages 324-341, October.
- Harsanyi, John C, 1995.
"Games with Incomplete Information,"
American Economic Review,
American Economic Association, vol. 85(3), pages 291-303, June.
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