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We show that every Bayesian game with purely atomic types has a measurable Bayesian equilibrium when the common knowledge relation is smooth. Conversely, for any common knowledge relation that is not smooth, there exists a type space that yields this common knowledge relation and payoffs such...
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We study dynamic properties of the group action on the simplex that is induced by Bayesian updating. We show that generically the orbits are dense in the simplex, although one must make use of the entire group, hence departing from straightforward Bayesian updating. We demonstrate also the...
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