Showing 1 - 5 of 5
Mean-preserving contractions are critical for studying Bayesian models of information design. We introduce the class of bi-pooling policies, and the class of bi-pooling distributions as their induced distributions over posteriors. We show that every extreme point in the set of all...
Persistent link: https://www.econbiz.de/10014536904
Persistent link: https://www.econbiz.de/10013170085
Mean-preserving contractions are critical for studying Bayesian models of information design. We introduce the class of bi-pooling policies, and the class of bi-pooling distributions as their induced distributions over posteriors. We show that every extreme point in the set of all...
Persistent link: https://www.econbiz.de/10014245370
Persistent link: https://www.econbiz.de/10014327842
Persistent link: https://www.econbiz.de/10012876743