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The Common Priors Assumption

Author

Listed:
  • Mark Fey

    (Department of Political Science, University of Rochester)

  • Kristopher W. Ramsay

    (Department of Politics, Princeton University)

Abstract

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 politics in a mathematically consistent fashion, they do not agree with the article's claims regarding the limitations of the common priors approach, which motivate Smith and Stam's rejection of it.

Suggested Citation

  • Mark Fey & Kristopher W. Ramsay, 2006. "The Common Priors Assumption," Journal of Conflict Resolution, Peace Science Society (International), vol. 50(4), pages 607-613, August.
    • Handle: RePEc:sae:jocore:v:50:y:2006:i:4:p:607-613
    DOI: 10.1177/0022002706289182
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    References listed on IDEAS

    as
    1. Robert J. Aumann, 1998. "Common Priors: A Reply to Gul," Econometrica, Econometric Society, vol. 66(4), pages 929-938, July.
    2. Barton L. Lipman, 2003. "Finite Order Implications of Common Priors," Econometrica, Econometric Society, vol. 71(4), pages 1255-1267, July.
    3. Morris, Stephen, 1995. "The Common Prior Assumption in Economic Theory," Economics and Philosophy, Cambridge University Press, vol. 11(2), pages 227-253, October.
    4. Geanakoplos, John D. & Polemarchakis, Heraklis M., 1982. "We can't disagree forever," Journal of Economic Theory, Elsevier, vol. 28(1), pages 192-200, October.
    5. Alastair Smith & Allan C. Stam, 2004. "Bargaining and the Nature of War," Journal of Conflict Resolution, Peace Science Society (International), vol. 48(6), pages 783-813, December.
    6. John Geanakoplos, 1992. "Common Knowledge," Journal of Economic Perspectives, American Economic Association, vol. 6(4), pages 53-82, Fall.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    war; bargaining; common priors;
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