Weakly-Bayesian and Consistent Assessments

Carlos Pimienta (c.pimienta@unsw.edu.au)

No 2012-02, Discussion Papers from School of Economics, The University of New South Wales

Abstract: A weakly-Bayesian assessment is computed applying Bayes rule at positive probability information sets. We characterize the set of extensive-forms for which the sets of weakly-Bayesian and consistent assessments coincide. In doing so we disentangle the different restrictions imposed by consistency across information sets. We apply this knowledge to strengthen weakly-Bayesian assessments and to derive conditions for equivalence with consistency that can be useful in economic applications.

Keywords: Backwards induction; Weakly-Bayesian assessments; Consistent assessments; Sequential equilibrium; Extensive-forms. (search for similar items in EconPapers)
JEL-codes: C62 C72 D80 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2011-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://research.economics.unsw.edu.au/RePEc/papers/2012-02.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Unavailable: Back-end server is at capacity

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:swe:wpaper:2012-02

Access Statistics for this paper

More papers in Discussion Papers from School of Economics, The University of New South Wales Contact information at EDIRC.
Bibliographic data for series maintained by Hongyi Li (hongyi@unsw.edu.au).