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Aggregate information,common knowledge and agreeing not to bet
Authors:Email author" target="_blank">Elias?TsakasEmail author
Institution:(1) Centre for Biochemical Engineering and Biotechnology, Faculty of Physical and Mathematical Sciences, University of Chile, Beauchef 861, Santiago, Chile;(2) Department of Management Science and Engineering and (by courtesy) Computer Science, Stanford University, Terman 311, Stanford, CA 94305, USA
Abstract:This note considers gambles that take place even if only some—but not all—individuals agree to participate. I show that the bet cannot take place if it is commonly known how many individuals are willing to participate.
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