 A FRAMEWORK FOR COMMUNITY-BASED SALIENCE: COMMON KNOWLEDGE, COMMON UNDERSTANDING AND COMMUNITY MEMBERSHIPPost-Print from HAL Abstract: This article presents a community-based account of salience as an alternative and a complement to the ‘natural salience' approach which is endorsed by almost all game theorists who use this concept. While in the naturalistic approach, salience is understood as an objective and natural property of some entities (events, strategies, outcomes), the community-based account claims that salience is a function of community membership. Building on David Lewis's theory of common knowledge and on some of its recent refined accounts, I suggest that salience acts as a correlating device in a correlated equilibrium. What is constitutive of salience is common understanding, the fact that agents have common knowledge that they share the same modes of reasoning with respect to a well-identified set of events. I argue that the basis for common understanding is community membership. The relevance of this account stems from the fact that it answers the objection that salience is either unnecessary or unable to account for coordination between rational agents. Keywords: Framework; Community-based salience; Common knowledge; Common understanding; Community membership (search for similar items in EconPapers) Published in Economics and Philosophy, 2014, 30 (3), pp.365-395. ⟨10.1017/S0266267114000261⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02866186 DOI: 10.1017/S0266267114000261 Access Statistics for this paper More papers in Post-Print from HAL |
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