Consensus, Communication and Knowledge: an Extension with Bayesian Agents

Lucie Ménager ()
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Lucie Ménager: EUREQua, http://eurequa.univ-paris1.fr

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: We extend the result of Parikh and Krasucki [1990] to the case where the set of available decisions is arbitrary. We show that if agents are bayesian and choose the action that maximizes their expected utility, then word of mouth communication leads to the equality of all decisions

Keywords: Consensus; common knowledge; word of mouth communication (search for similar items in EconPapers)
JEL-codes: D82 D83 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2005-02, Revised 2006-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Mathematical Social Sciences, 51, 3, 2006, pp.274-279

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https://www.sciencedirect.com/science/article/pii/S0165489606000199

Related works:
Working Paper: Consensus, communication and knowledge: an extension with bayesian agents (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:v05031

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