Article ID Journal Published Year Pages File Type
5071990 Games and Economic Behavior 2012 11 Pages PDF
Abstract
► We study the strategic impact of a small probability event under non-common priors. ► Its global impact can be arbitrarily large under non-common priors. ► It is bounded from above under common priors. ► These quantify the different implications of common prior/non-common prior models.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the strategic impact of an event under non-common priors
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