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The Characterization of the Common Prior Assumption without Common Knowledge
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Journal of Conflict Resolution, 2006
In a recent article in this journal, Smith and Stam (2004) call into question the usefulness and applicability of what is know as the common priors assumption in the modeling of countries' strategic behavior in international relations. While the authors of this comment acknowledge that it is possible to incorporate noncommon priors in models of ...
Mark Fey, Kristopher W. Ramsay
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In a recent article in this journal, Smith and Stam (2004) call into question the usefulness and applicability of what is know as the common priors assumption in the modeling of countries' strategic behavior in international relations. While the authors of this comment acknowledge that it is possible to incorporate noncommon priors in models of ...
Mark Fey, Kristopher W. Ramsay
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SSRN Electronic Journal, 1997
I show that if one is only interested in local results ~ that is, theorems about what is true at a state ~ which only depend on finitely many orders of beliefs about beliefs, then the common prior assumption is essentially irrelevant. More precisely, given any model where priors have the same support and any finite N, there is another model with common
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I show that if one is only interested in local results ~ that is, theorems about what is true at a state ~ which only depend on finitely many orders of beliefs about beliefs, then the common prior assumption is essentially irrelevant. More precisely, given any model where priors have the same support and any finite N, there is another model with common
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Iterated Expectations and Common Priors
Games and Economic Behavior, 1998zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Finite Order Implications of Common Priors [PDF]
I characterize the implications of the common prior assumption for finite orders of beliefs about beliefs at a state and show that in finite models, the only such implications are those stemming from the weaker assumption of a common support. More precisely, given any finite N and any finite partitions model where priors have the same support, there is
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