• Media type: E-Article
  • Title: Dense Orbits of the Bayesian Updating Group Action
  • Contributor: Hellman, Ziv; Levy, Yehuda John
  • Published: Institute for Operations Research and the Management Sciences (INFORMS), 2022
  • Published in: Mathematics of Operations Research, 47 (2022) 1, Seite 384-396
  • Language: English
  • DOI: 10.1287/moor.2021.1134
  • ISSN: 1526-5471; 0364-765X
  • Keywords: Management Science and Operations Research ; Computer Science Applications ; General Mathematics
  • Origination:
  • Footnote:
  • Description: <jats:p> 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. </jats:p>