Common Knowledge

John Geanakoplos ()
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John Geanakoplos: Cowles Foundation, Yale University, https://economics.yale.edu/people/faculty/john-geanakoplos

No 1062, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: This paper surveys the implications of "common knowledge" in interactive epistemology and game theory, with special emphasis on speculation, betting, agreeing to disagree, and coordination. The implications of approximate common knowledge are also analyzed. Approximate common knowledge is defined three ways: as knowledge of knowledge ... of knowledge, iterated N times; as p-common knowledge; and as weak p-common knowledge. Finally the implications of common knowledge are examined when agents are boundedly rational.

Keywords: Knowledge; partition; common knowledge; speculation; betting; agreement; coordination; Bayesian; Nash (search for similar items in EconPapers)
Pages: 73 pages
Date: 1993-08
Note: CFP 828.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Economic Perspectives (Fall 1992), 6(4): 53-82

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Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1062

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