Agreeing to disagree in a countable space of equiprobable states
AbstractAn example is given in which agents agree to disagree, showing that Aumann's (1976) Agreement Theorem does not extend to a countable space of equiprobable states of nature. Even in this unorthodox setting, if the sets of the information partitions are intervals, an agreement theorem holds. A result that describes the margin for disagreement is also obtained.
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Bibliographic InfoPaper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 260.
Length: 16 pages
Date of creation: Jan 2008
Date of revision:
Agreeing to disagree; Interactive epistemology; Bounded rationality.;
Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-01-26 (All new papers)
- NEP-CDM-2008-01-26 (Collective Decision-Making)
- NEP-GTH-2008-01-26 (Game Theory)
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377R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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