For stationary ergodic processes the set of calibration-passing forecast distributions equals the mean-preserving contractions of the conditional distribution, allowing the dynamic game to be solved via static persuasion.
Given the forecasts exactly match with the conditionals, where |π· | < β, we can put a bound on the event πΈπ = (P(maxπ βπ· ) β₯π₯ π π β₯ β₯ ππ )
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Calibrated Forecasting and Persuasion
For stationary ergodic processes the set of calibration-passing forecast distributions equals the mean-preserving contractions of the conditional distribution, allowing the dynamic game to be solved via static persuasion.