What is the universal type space in the case

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There is a single player N = {I} and the set of states of nature is a finite set S.

What is the universal type space in this case? What is the universal belief space (N,S)?

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This assignment is based on the concepts of Set theory in the Algebra. In this task, we have to analyze the Universal type space and universal belief space for a single player of the given finite set.

Reference no: EM131332796

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