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Model the situation by specifying a probability distribution

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Reference no: EM131984112

Two players are each dealt one card from a shuffled deck containing one Ace, one King and one Queen.

Each player only observes his/her own card. Model the situation by specifying a probability distribution on an appropriate set of type profiles and describe each player's beliefs for each possible realization of his/her type

Are the players' type independent?

Reference no: EM131984112

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