Approximate Common Knowledge

Suppose we replace "knowledge" by "belief with probability p" in standard definitions of common knowledge. Very different notions arise depending the exact definition of common knowledge used in the substitution. This paper demonstrates those differences and identifies which notion is relevant in each of three contexts: equilibrium analysis in incomplete information games, best response dynamics in incomplete information games, and agreeing to disagree/no trade results.

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Paper Number
96-06
Year
1996
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