EconPapers    
Economics at your fingertips  
 

Consensus, communication and knowledge: an extension with bayesian agents

Lucie Ménager

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Parikh and Krasucki [1990] showed that pairwise communication of the value of a function f leads to a consensus about the communicated value if the function f is convex. They showed that union consistency of f may not be sufficient to guarantee consensus in any communication protocol. Krasucki [1996] proved that consensus occurs for any union consistent function if the protocol contains no cycle. We show that if agents communicate their optimal action, namely the action that maximizes their expected utility, then consensus obtains in any fair protocol for any action space.

Keywords: pairwise communication; Consensus; common knowledge; pairwise communication.; connaissance commune. (search for similar items in EconPapers)
Date: 2005-02
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00194381
References: Add references at CitEc
Citations: Track citations by RSS feed

Published in 2005

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00194381/document (application/pdf)

Related works:
Journal Article: Consensus, communication and knowledge: An extension with Bayesian agents (2006) Downloads
Working Paper: Consensus, Communication and Knowledge: an Extension with Bayesian Agents (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00194381

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2020-08-29
Handle: RePEc:hal:cesptp:halshs-00194381