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Consensus By Identifying Extremists
Theory and Decision 44 (3):293-301 (1998)
Abstract
Given a finite state space and common priors, common knowledge of the identity of an agent with the minimal (or maximal) expectation of a random variable implies ‘consensus’, i.e., common knowledge of common expectations. This ‘extremist’ statistic induces consensus when repeatedly announced, and yet, with n agents, requires at most log2 n bits to broadcastAuthor's Profile
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Citations of this work
Are disagreements honest.Tyler Cowen & Robin Hanson - forthcoming - Journal of Economic Methodology.
For Bayesian Wannabes, Are Disagreements Not About Information?Robin Hanson - 2003 - Theory and Decision 54 (2):105-123.
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