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Common Knowledge and Disparate Priors: When it is O.K. to Agree to Disagree

Hellman, Ziv
Munich Personal RePEc Archive · Reports
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mechanism-design
Abandoning the oft-presumed common prior assumption, partitioned type spaces with disparate priors are studied. It is shown that in the two-player case, a unique fundamental pair of priors can be identified in each type space, from whose properties boundaries on the possible ranges of expected value
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