Arbeitspapier

Independence for Conditional Probability Systems

It has been argues that the natural notion of independence for conditional probability systems is weaker than sequential equilibrium's consistency condition. Kohlberg and Reny(1992) provide an attractive extra condition on a conditioal probability system thatimplies equivalence to consistency. We provide an alternative condition and argue that it is a natural implication of independence. condition also implies equivalence to consistency, and so is equivalent to Kohlberg and Reny's. However, the motivation and formulation of the condition are different, providing an additional viewpoint from which to understand consistency.

Language
Englisch

Bibliographic citation
Series: Discussion Paper ; No. 1076

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Swinkels, Jeroen M.
Event
Veröffentlichung
(who)
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
(where)
Evanston, IL
(when)
1993

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Swinkels, Jeroen M.
  • Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science

Time of origin

  • 1993

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