Dear all Dynare User,

I’m trying to compare the models via model comparision command, **model_comparision m1_R1 m0_R1**. I already got the result, which I display as following. I’m not quite sure that do I can conclude the result by using the Posterior Model Probability, or I need to compute the posterior odd ratio by myself. If I need to compute the posterior odd ratio, the formulation is (prior of *m1_R1*/prior of *m0_R1*)*(log margimat data density of *m1_R1*/log margimat data density of *m0_R1* ), right???

Model Comparison

Model m1_R1 m0_R1

Priors 0.500000 0.500000

Log Marginal Density -450.472967 -211.332105

Bayes Ratio 1.00000072037201844024017000000000000000000000000000000000000000000000000000000000000000000000000000000000000000.000000

Posterior Model Probability 0.000000 1.000000

Thank you very much

Kornchanok