Products of Several Relative Probabilities

Peter Streufert

No 20061, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

Abstract: This paper defines and develops the concept of a product dispersion over any finite number of dimensions. The concept itself is nontrivial because products over several dimensions cannot be constructed by an iterative binary operation. Yet the paper's most important contribution is to characterize product dispersions by means of monomials. This result is derived through elementary linear algebra, and can be used to characterize the consistency of beliefs in extensive-form games (Streufert (2006a)).

Date: 2006
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