Consider a game with two players, each of whom has two types. The types of player...

Consider a game with two players, each of whom has two types. The types of player 1 are T1 = (a,b). The types of player 2 are T2 = (c,d). Suppose the beliefs of the types are p1(c/a) = p2(a/c) = 0.25 and p1(c/b) = p2(a/d) = 0.75. Is there a common prior? If yes, construct one; if no, prove why not.

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orchestra answered 1 year ago

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