6,445 research outputs found

    Every hierarchy of beliefs is a type

    Get PDF
    When modeling game situations of incomplete information one usually considers the players' hierarchies of beliefs, a source of all sorts of complications. Hars\'anyi (1967-68)'s idea henceforth referred to as the "Hars\'anyi program" is that hierarchies of beliefs can be replaced by "types". The types constitute the "type space". In the purely measurable framework Heifetz and Samet (1998) formalize the concept of type spaces and prove the existence and the uniqueness of a universal type space. Meier (2001) shows that the purely measurable universal type space is complete, i.e., it is a consistent object. With the aim of adding the finishing touch to these results, we will prove in this paper that in the purely measurable framework every hierarchy of beliefs can be represented by a unique element of the complete universal type space.Comment: 19 page

    Generalized Descents and Normality

    Full text link
    We use Janson's dependency criterion to prove that the distribution of dd-descents of permutations of length nn converge to a normal distribution as nn goes to infinity. We show that this remains true even if dd is allowed to grow with nn, up to a certain degree.Comment: 7 page
    corecore