Consensus, Communication and Knowledge: an Extension with Bayesian Agents
Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)
We extend the result of Parikh and Krasucki  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)
Date: 2005-02, Revised 2006-01
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Journal Article: Consensus, communication and knowledge: An extension with Bayesian agents (2006)
Working Paper: Consensus, communication and knowledge: an extension with bayesian agents (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:v05031
Access Statistics for this paper
More papers in Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1) Contact information at EDIRC.
Bibliographic data for series maintained by Lucie Label ().