Reasoning about knowledge
Moral hazard resolved in communication for S4n-logic: cyclic communication network case
GAVTASC'11 Proceedings of the 11th WSEAS international conference on Signal processing, computational geometry and artificial vision, and Proceedings of the 11th WSEAS international conference on Systems theory and scientific computation
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We present a communication process according to a protocol which is associated with an awareness and belief model. In the model we impose none of the requirements for player's knowledge as those in the standard model with partition information structure. We show that consensus on the posteriors for an event among all players can still be guaranteed in the communication even when the protocol contains a cycle. AMS 2000 Mathematics Subject Classification: Primary 91B50, 91B60; Secondary 03B45. Journal of Economic Literature Classification: D51, C78, D61.