Common Knowledge means a well known fact, quote, figure or information that is known to most of the people;
Common Knowledge means that anything known to anyone is also known by everyone else. From a realist point of view, this is such a ridiculous assumption to make, that one wonders how anything concluded from this assumption could ever be imagined to travel from the model world to the real world. It is an assumption dictated purely out of tractability considerations, and without that assumption, game theory cannot come up with equilibrium solutions to many of its games. But so what? More than anything else it just underlines how useless the theory is for explaining real-world phenomena.
Common Knowledge means a well known fact, quote, figure or information that isknown to most of the people;
Examples of Common Knowledge in a sentence
For the Neighbourhood, this strategy will contribute to developing a 'Common Knowledge and Innovation Space', including improving the research and innovation competences of these countries.
More Definitions of Common Knowledge
Common Knowledge means a well known fact, quote, figure or information that is known to most of thepeople;
Common Knowledge means a well-known fact, quote, figure or information that is widely known and publicly available;
Common Knowledge means information which can be found on at least one of the first three results pages of relevant search queries on Google. “Network” means the network operated by Jet-Stream and/or her partners. “Services” means the services offered by Jet-Stream to all her customers
Common Knowledge means not only that something is known by all parties, but that everyone knows that everyone knows, everyone knows that everyone knows that everyone knows, etc.
Common Knowledge means a well-known fact, quote, figure or