Published July 2001
| public
Working Paper
The Positive Foundation of the Common Prior Assumption
- Creators
- Heifetz, Aviad
Chicago
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Abstract
The existence of a common prior is a property of the state space used to model the players' asymmetric information. We show that this property is not just a technical artifact of the model, but that it is immanent to the players' beliefs. To this end, we devise a condition, phrased solely in terms of the players' mutual beliefs about the basic, objective issues of possible uncertainty, which is equivalent to the existence of a common prior.
Additional Information
Paper dated to Feb. 2001.Additional details
- Eprint ID
- 79851
- Resolver ID
- CaltechAUTHORS:20170807-133652174
- Created
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2017-08-07Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 1125