Characterizing common priors in the form of posteriors
成果类型:
Article
署名作者:
Feinberg, Y
署名单位:
Stanford University
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1999.2592
发表日期:
2000
页码:
127-179
关键词:
摘要:
It is shown that if agents cannot agree to disagree then, under an appropriate compactness condition their beliefs are derivable from a common prior-establishing the converse to the agreement theorem of Aumann (1976, Ann. Statist. 4, 1236-1239). This enables us to formulate the existence of a common prior in syntactic terms, i.e., making no use of the space of states of the world, but referring only to the current knowledge and beliefs of the agents. An example demonstrates that the compactness assumption cannot be discarded. Journal of Economic Literature Classification Numbers: C70, D82, D84. (C) 2000 Academic Press.