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Intersubjective Consistency of Beliefs and the Logic of Common Belief


  • Bonanno, G.
  • Nehring, K.


We characterize the class of n-person belief systems for which common belief has the properties of the strongest logic of belief, KD45. The characterizing condition states that individuals are not too mistaken in their beliefs about common beliefs. It is shown to be considerably weaker than the consistency condition on interpersonal beliefs implied by the common knowledge assumption: it allows individuals to ""agree to disagree"" and to be quite incorrect about others7 beliefs.
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Suggested Citation

  • Bonanno, G. & Nehring, K., 1995. "Intersubjective Consistency of Beliefs and the Logic of Common Belief," Papers 95-08, California Davis - Institute of Governmental Affairs.
  • Handle: RePEc:fth:caldav:95-08

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    References listed on IDEAS

    1. Roemer, J.E., 1995. "Equality or Opportunity: A Theory and Examples," Papers 95-19, California Davis - Institute of Governmental Affairs.
    2. Dasgupta, Partha, 1974. "On some alternative criteria for justice between generations," Journal of Public Economics, Elsevier, vol. 3(4), pages 405-423, November.
    3. Geir B. Asheim, 1988. "Rawlsian Intergenerational Justice as a Markov-Perfect Equilibrium in a Resource Technology," Review of Economic Studies, Oxford University Press, vol. 55(3), pages 469-483.
    4. Guillermo Calvo, 1978. "Some Notes on Time Inconsistency and Rawls' Maximin Criterion," Review of Economic Studies, Oxford University Press, vol. 45(1), pages 97-102.
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    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • D10 - Microeconomics - - Household Behavior - - - General
    • D19 - Microeconomics - - Household Behavior - - - Other


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