Question
Question (previously answered by another tutor but he did not attach working out and i am confused how he reached his solution) There are two
Question (previously answered by another tutor but he did not attach working out and i am confused how he reached his solution)
There are two possible states: {A,B}. Voters cannot observe the realized state. There is an incumbent politician who knows the true state. The politician can be of two types: g or b.
1.1 Suppose that everybody knows that a type g politician says A if and only if = A and a type b politician always says B. Using Bayes' rule, state what voters believe about the politician and the state if the politician says A.
1.2 Suppose that everybody knows that a type g politician says A if and only if = A and a type b politician always says B. Using Bayes' rule, state what voters believe about the politician and the state if the politi- cian says B.
1.3 Suppose that everybody knows that a type g politician says A if and only if = A and a type b politician always says A if and only if = B. Using Bayes' rule, state what voters believe about the politician and the state if the politician says A.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started