| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9726385 | Journal of Economic Theory | 2005 | 5 Pages |
Abstract
Kajii and Morris (J. Econ. Theory 82 (1998) 267) provide necessary and sufficient conditions for two priors to be strategically close. The restrictiveness of these conditions establishes that strategic behavior can be highly sensitive to the assumed prior. Their results thus recommend care in the use of priors in economic modelling. Unfortunately, their proof of a central proposition fails for zero probability types. This comment corrects their proof to account for these cases.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Casey G. Rothschild,