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Bayesian and consistent assessments
Authors:Carlos Pimienta
Institution:1. School of Economics, The University of New South Wales, Sydney, 2052, Australia
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.
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