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Specifying a probability distribution on an appropriate set

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Reference no: EM131281511

Two players will each be 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 proles and describe each player's beliefs for each possible realization of his/her type. Are the players' type independent?

Reference no: EM131281511

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