Coordination, Communication and Common Knowledge: A Retrospective on Electronic Mail Game
AbstractCommon knowledge plays an important role in coordination problems and coordination problems are central to many areas of economic policy. In this paper, I review some common knowledge puzzles culminating in the electronic mail game. These puzzles may seem distant from practical concerns. However, I then argue why insights derived from this literature are useful in interpreting empirical evidence of how people coordinate under uncertainty and in understanding the role of communication in coordinating behaviour.
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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 1401.
Length: 23 pages
Date of creation: Feb 2003
Date of revision:
Publication status: Published in Oxford Review of Economic Policy, 18(4), 2002
Note: CFP 1060.
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-24 (All new papers)
- NEP-CBE-2003-02-24 (Cognitive & Behavioural Economics)
- NEP-GTH-2003-02-24 (Game Theory)
- NEP-IND-2003-02-24 (Industrial Organization)
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