Common knowledge in game theory
A)is information known by all players.
B)is required for static games.
C)does not impact the outcome of the game, since everyone has the information.
D)Both A and B.

Question

Quizplus · Accepted Answer

Common knowledge refers to information that is known by all players in the game. Hence, option A is correct. Option B is incorrect, as common knowledge applies to both static and dynamic games. Option C is incorrect, as common knowledge can have a significant impact on the outcome of the game since it affects the players' strategies and decisions.

Common Knowledge in Game Theory