An elementary proof that additive i-likelihood characterizes the supports of consistent assessments

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 59
Issue: C
Pages: 37-46

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I prove a convenient reformulation of Kreps and Wilson (1982, Lemma A1), whose proof has a nontrivial gap. Essentially, the support of a consistent assessment is characterized by the additive representability of the infinite-relative-likelihood relation that the support implies. My proof is unexpectedly elementary, for it relies solely on a classic result about additive representation, which in turn relies solely on Farkas’ Lemma.

Technical Details

RePEc Handle
repec:eee:mateco:v:59:y:2015:i:c:p:37-46
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29