Abstract
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas of economic policy. In this paper, I review some common-knowledge puzzles culminating in the electronic-mail game. These puzzles may seem distant from practical concerns. However, I then argue why insights derived from this literature are useful in interpreting empirical evidence of how people coordinate under uncertainty and in understanding the role of communication in coordinating behaviour.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 433-445 |
| Number of pages | 13 |
| Journal | Oxford Review of Economic Policy |
| Volume | 18 |
| Issue number | 4 |
| DOIs | |
| State | Published - 2002 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Management, Monitoring, Policy and Law