Application of common knowledge and belief operators in case of disruptive technologies

Aurimas Gircys

Perspectives of Innovations, Economics and Business (PIEB), 2010, vol. 06, issue 3, 3

Abstract: Paper is a case study of console market, where the console makers are identified as group G which shares a distributed knowledge of current consumer expectations. According to the basic logic, it is reasonable to expect that if it is commonly known that a choice A is better than a choice B, any agent i will prefer the choice instead of the inferior one. In case some console makers chose a completely different outcome which is rather based on belief instead of common knowledge.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrpieb:125813

DOI: 10.22004/ag.econ.125813

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