Ignoring ignorance and agreeing to disagree

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Ignoring ignorance and Agreeing to Disagree *

A model of information structure and common knowledge is presented which does not take states of the world as primitive. Rather, these states are constructed as sets of propositions, including propositions which describe knowledge. In this model information structure and measurability structure are endogenously defined in terms of the relation between the propositions. In particular, when agent...

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We consider Geanakoplos and Polemarchakis’s generalization of Aumman’s famous result on “agreeing to disagree”, in the context of imprecise probability. The main purpose is to reveal a connection between the possibility of agreeing to disagree and the interesting and anomalous phenomenon known as dilation. We show that for two agents who share the same set of priors and update by conditioning o...

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Agreeing to Disagree in Infinite Information Structures

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ژورنال

عنوان ژورنال: Journal of Economic Theory

سال: 1990

ISSN: 0022-0531

DOI: 10.1016/0022-0531(90)90074-t