Department

Economics

Document Type

Response or Comment

Publication Date

12-2003

Abstract

Kajii and Morris (J. Econ. Theory 1998, 267-276) provide necessary and sufficient conditions for two priors to be strategically close. The restrictiveness of these con- ditions 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.

Citation

Casey Rothschild (2005). Payoff continuity in incomplete information games: a comment. Journal of Economic Theory, 120, 270-274.

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Economics Commons

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