Application of common knowledge and belief operators in case of disruptive technologies

Research output: Contribution to journalArticle

Abstract

Paper is a case study of console market, where the console makers are identified as group G which shares a distributed knowledge of current consumer expectations. According to the basic logic, it is reasonable to expect that if it is commonly known that a choice A is better than a choice B, any agent i will prefer the choice instead of the inferior one. In case some console makers chose a completely different outcome which is rather based on belief instead of common knowledge.
Original languageEnglish
Pages (from-to)61-63
JournalPerspectives of innovations, economics and business: international cross-industry research journal
Volume6
Issue number3
Publication statusPublished - 2010

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Consumer expectations
Common belief
Operator
Disruptive technology
Logic
Common knowledge

Keywords

  • Innovations
  • Common knowledge operator

Cite this

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abstract = "Paper is a case study of console market, where the console makers are identified as group G which shares a distributed knowledge of current consumer expectations. According to the basic logic, it is reasonable to expect that if it is commonly known that a choice A is better than a choice B, any agent i will prefer the choice instead of the inferior one. In case some console makers chose a completely different outcome which is rather based on belief instead of common knowledge.",
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