Shows the proof of the power-sequence test for Kreps-Wilson consistency, highlighting its mathematical foundations.
Dilmé (Internat J Game Theory 53:673 2024) shows that an assessment is Kreps-Wilson (1982) consistent if and only if it is the limit of a particularly simple kind of sequence of strictly mixed strategies—which Dilmé calls a “power sequence”—and its associated sequence of Bayes-rule induced beliefs. We use Farkas’ lemma to provide a brief and simple proof of Dilmé’s result.
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Philip J. Reny (2026) studied this question.
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