We characterize lexicographic conditional probability systems (LCPSs). Our aim is to address an issue left open in an important contribution by Blume et al. (1991a). They provide a characterization of LCPSs, but one of their...
We characterize lexicographic conditional probability systems (LCPSs). Our aim is to address an issue left open in an important contribution by Blume et al. (1991a). They provide a characterization of LCPSs, but one of their...