Search Results - subject:"Common Prior Assumption"

Asymmetric Information without Common Priors: An Indirect Evolutionary Analysis of Quantity Competition

Güth, Werner; Erviti, Loreto Llorente; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

The common prior assumption justifies private beliefs as posterior probabilities when updating a common prior based on … asymmetrically informed firms. We dispose of the common prior assumption for a homogeneous oligopoly market with uncertain costs and …

Persistent link: https://www.econbiz.de/10005588021

Common priors under incomplete information: a unification

Nehring, Klaus - In: Economic Theory 18 (2001) 3, pp. 535-553

While the meaningfulness of the common prior assumption (CPA) under incomplete information has been established …

Persistent link: https://www.econbiz.de/10005155362

Characterizing the Common Prior Assumption

Halpern, Joseph Y. - EconWPA - 2000

Logical characterizations of the common prior assumption (CPA) are investigated. Two approaches are considered. The …

Persistent link: https://www.econbiz.de/10005118652

Joint Coherence in Games of Incomplete Information

Nau, Robert F. - In: Management Science 38 (1992) 3, pp. 374-387

, and others, which have appeared in this journal. This paper shows that the Bayesian equilibrium concept and common prior … assumption can be reconciled with a subjective view of probability by (i) supposing that players elicit each others …

Persistent link: https://www.econbiz.de/10009203747

Epistemic Game Theory

Dekel, Eddie; Siniscalchi, Marciano - Elsevier

Epistemic game theory formalizes assumptions about rationality and mutual beliefs in a formal language, then studies their behavioral implications in games. Specifically, it asks: what do different notions of rationality and different assumptions about what players believe aboutâ€¦what...

Persistent link: https://www.econbiz.de/10011255416