Game Theory and Its Applications by Akio Matsumoto & Ferenc Szidarovszky

Author:Akio Matsumoto & Ferenc Szidarovszky
Language: eng
Format: epub
Publisher: Springer Japan, Tokyo

(10.9)

and in the continuous case the conditional probability density functions are given as

(10.10)

In the description of a static Bayesian game we have to specify the sets of the feasible strategies, the set of all possible types, the beliefs and the payoff functions of all players, so the normal form representation is usually written as

Example 10.4

In the case of Example 10.1, firm 1 had only one type and firm 2 had two possible types by selecting low or high marginal cost. Therefore and , and the beliefs are given as

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