The proof looks at an ordering of posteriors p1, p2, etc, that result from subsequent levels of knowledge of knowledge of the other’s posteriors. However, these are shown to be equal, so in a sense all of the iterations happens in some way simultaneously. -- Actually, I looked at it again and I’m not so sure this is true. It’s how I understand it.
The proof looks at an ordering of posteriors p1, p2, etc, that result from subsequent levels of knowledge of knowledge of the other’s posteriors. However, these are shown to be equal, so in a sense all of the iterations happens in some way simultaneously. -- Actually, I looked at it again and I’m not so sure this is true. It’s how I understand it.