Every hierarchy of beliefs is a type


Autoria(s): Pintér, Miklós
Data(s)

2012

Resumo

When modeling game situations of incomplete information one usually considers the players’ hierarchies of beliefs, a source of all sorts of complications. Harsányi (1967-68)’s idea henceforth referred to as the ”Harsányi program” is that hierarchies of beliefs can be replaced by ”types”. The types constitute the ”type space”. In the purely measurable framework Heifetz and Samet (1998) formalize the concept of type spaces and prove the existence and the uniqueness of a universal type space. Meier (2001) shows that the purely measurable universal type space is complete, i.e., it is a consistent object. With the aim of adding the finishing touch to these results, we will prove in this paper that in the purely measurable framework every hierarchy of beliefs can be represented by a unique element of the complete universal type space.

Formato

application/pdf

Identificador

http://unipub.lib.uni-corvinus.hu/553/1/pm_2012a.pdf

Pintér, Miklós (2012) Every hierarchy of beliefs is a type. Working Paper. Corvinus University of Budapest. (Unpublished)

Publicador

Corvinus University of Budapest

Relação

http://unipub.lib.uni-corvinus.hu/553/

Palavras-Chave #Mathematics, Econometrics
Tipo

Monograph

NonPeerReviewed

Idioma(s)

en

en