Existence of Bayesian Equilibria in Incomplete Information Games without Common Priors

Fuente: arXiv
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Autores principales: Kojevnikov, Denis, Song, Kyungchul
Formato: Preprint
Publicado: 2025
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author Kojevnikov, Denis
Song, Kyungchul
author_facet Kojevnikov, Denis
Song, Kyungchul
contents This paper focuses on finite-player incomplete information games where players may hold mutually inconsistent beliefs without a common prior. We introduce absolute continuity of beliefs, extending the classical notion of absolutely continuous information in Milgrom and Weber (1985), and prove that Bayesian equilibria exist under broad conditions. Examples illustrate practical applications of our findings.
format Preprint
id arxiv_https___arxiv_org_abs_2504_16240
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Existence of Bayesian Equilibria in Incomplete Information Games without Common Priors
Kojevnikov, Denis
Song, Kyungchul
Theoretical Economics
91A27, 91A35
This paper focuses on finite-player incomplete information games where players may hold mutually inconsistent beliefs without a common prior. We introduce absolute continuity of beliefs, extending the classical notion of absolutely continuous information in Milgrom and Weber (1985), and prove that Bayesian equilibria exist under broad conditions. Examples illustrate practical applications of our findings.
title Existence of Bayesian Equilibria in Incomplete Information Games without Common Priors
topic Theoretical Economics
91A27, 91A35
url https://arxiv.org/abs/2504.16240