Aggregate information, common knowledge and agreeing not to bet

Aggregate information, common knowledge and agreeing not to bet

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Article ID: iaor20112009
Volume: 40
Issue: 1
Start Page Number: 111
End Page Number: 117
Publication Date: Feb 2011
Journal: International Journal of Game Theory
Authors:
Keywords: gambling, betting
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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