Article ID Journal Published Year Pages File Type
5072047 Games and Economic Behavior 2012 15 Pages PDF
Abstract
► We study the probability that two or more agents attain nontrivial common knowledge. ► Each agent has a random knowledge partition consistent with his cognitive capacity. ► When the size of the state space grows, nontrivial common knowledge undergoes a phase transition. ► Our proofs rely on a novel graph-theoretic characterization of common knowledge.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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