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Rationality and common knowledge

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  • Herbert Gintis

    (Santa Fe Institute, USA, hgintis@gmail.com, Central European University, Hungary)

Abstract

A central finding in interactive epistemology is that rational agents implement Nash equilibria when there is a commonality of knowledge in the form of common priors and common knowledge of key aspects of the strategic interaction. Epistemic game theory, however, fails to articulate the general conditions of knowledge sharing. This paper makes explicit the fundamental epistemological assumptions behind knowledge sharing.

Suggested Citation

  • Herbert Gintis, 2010. "Rationality and common knowledge," Rationality and Society, , vol. 22(3), pages 259-282, August.
    • Handle: RePEc:sae:ratsoc:v:22:y:2010:i:3:p:259-282
    DOI: 10.1177/1043463110375200
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    References listed on IDEAS

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    Cited by:

    1. Andreas Tutić, 2013. "Experimental evidence on the theory of club goods," Rationality and Society, , vol. 25(1), pages 90-120, February.

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