Abstract
We study dynamic properties of the group action on the simplex that is induced by Bayesian updating. We show that, generically, the orbits are dense in the simplex, although one must make use of the entire group, hence departing from straightforward Bayesian updating. We demonstrate also the necessity of the genericity of the signalling structure, a relationship to descriptive set theoretical concepts, and applications thereof to repeated games of incomplete information, as well a strengthening concerning the group action on itself.
Original language | English |
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Pages (from-to) | 384-396 |
Number of pages | 13 |
Journal | Mathematics of Operations Research |
Volume | 47 |
Issue number | 1 |
DOIs | |
State | Published - Feb 2022 |
Bibliographical note
Publisher Copyright:© 2021 INFORMS.
Funding
Funding: This work was supported by the Israel Science Foundation [Grant 1626/18].
Funders | Funder number |
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Israel Science Foundation | 1626/18 |
Keywords
- Bayesian updating
- Descriptive set theory
- Group actions
- Repeated games