Bayesian and consistent assessments

Carlos Pimienta ()

Economic Theory, 2014, vol. 55, issue 3, 617 pages

Abstract: In a Bayesian assessment, beliefs are computed from the strategy profile applying Bayes rule at positive probability information sets. A consistent assessment is the limit point of a sequence of completely mixed Bayesian assessments. We characterize the set of extensive forms for which the sets of Bayesian and consistent assessments coincide. As an illustration of the results, we characterize consistency in some multi-period games with simultaneous actions. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: Bayesian assessments; Consistent assessments; Sequential equilibrium; Extensive forms; C62; C72; D80 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s00199-013-0760-4

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