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Common Beliefs and the Existence of Speculative Trade

โœ Scribed by Zvika Neeman


Book ID
115610930
Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
204 KB
Volume
16
Category
Article
ISSN
0899-8256

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The logic of common belief does not always reflect that of individual beliefs. In particular, even when the individual belief operators satisfy the KD45 logic, the common belief operator may fail to satisfy axiom 5. That is, it can happen that neither is A commonly believed nor is it common belief t