Agreeing to agree and Dutch books

• Main Authors: CHEN, Yi-Chun, LEHRER, Ehud, LI, Jiangtao, SAMET, Dov, SHMAYA, Eran
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: Agreement theorem; Common knowledge; Common prior; Dutch book; No trade theorem; Economic Theory
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/2199; https://ink.library.smu.edu.sg/context/soe_research/article/3198/viewcontent/1_s20_S0899825615001141_main.pdf
• 機構: Singapore Management University

We say that agreeing to agree is possible for an event E if there exist posterior beliefs of the agents with a common prior such that it is common knowledge that the agents' posteriors for E coincide. We propose a notion called Dutch book which is a profile of interim contracts between an outsi...