(Answered) Two players are each dealt one card from a shuffled deck

Economics

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?

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Business Economics, Economics

Category:- Business Economics
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