Common priors for generalized type spaces

Pintér, Miklós (2011): Common priors for generalized type spaces.

Abstract

The notion of common prior is well-understood and widely-used in the incomplete information games literature. For ordinary type spaces the common prior is defined.

Pinter and Udvari (2011) introduce the notion of generalized type space. Generalized type spaces are models for various bonded rationality issues, for finite belief hierarchies, unawareness among others. In this paper we define the notion of common prior for generalized types spaces.

Our results are as follows: the generalization (1) suggests a new form of common prior for ordinary type spaces, (2) shows some quantum game theoretic results (Brandenburger and La Mura, 2011) in new light.

• Item Type: MPRA Paper
• Language: English
• Keywords: Type spaces; Generalized type spaces; Common prior; Harsányi Doctrine; Quantum games
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games

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