RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (33)

E [ z t + 1 | x t | t ( k : ) ] = T ( M ( x t | t ( k : ) ) ) k 0. MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaadm aabaGaamOEamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGcdaab baqaaGqabiaa=HhadaqhaaWcbaGaamiDamaaeeaabaGaamiDaaGaay 5bSdaabaWaaeWaaeaacaWGRbaccaGae4NoaOJaeyOhIukacaGLOaGa ayzkaaaaaaGccaGLhWoaaiaawUfacaGLDbaacqGH9aqptCvAUfKttL earyWs152C0XwzYbYuJjxAWrhaiuqacqqFubavdaqadaqaaiab91ea nnaabmaabaGaa8hEamaaDaaaleaacaWG0bWaaqqaaeaacaWG0baaca GLhWoaaeaadaqadaqaaiaadUgacqGF6aGocqGHEisPaiaawIcacaGL PaaaaaaakiaawIcacaGLPaaaaiaawIcacaGLPaaacqGHaiIicaWGRb GaeyyzImRaaGimaiaac6caaaa@6525@