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absence  beliefs  common knowledge  common  europe  greece  guess threat  information  knowledge  new  pay  point greece  threat point 
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Comments on: Aumann and Greece

Last Build Date: Mon, 19 Feb 2018 20:37:07 +0000


By: σχολη χορου

Sat, 15 May 2010 06:43:42 +0000

The corrupted Greek politicians are the ones to blame, now they try to sell Greece to the Turks, do you really think that the new owners will respect the old debt and pay?

By: Paul Goldberg

Wed, 05 May 2010 10:28:14 +0000

You ask: Was there indeed a chance that Europe would not pay for Greek’s irresponsibility? I guess there has to be. Without that threat, it seems like - as you point out - Greece could force the rest of Europe to "lend" them more and more money. And that would make the EU unsustainable.

By: Kevin

Mon, 03 May 2010 07:19:19 +0000

Common knowledge regarding information partitions, particularly concerning never-before-seen events, seems a pretty restrictive assumption. Perhaps a better description of what is going on is something like the Geanakoplos result. In each day, the market and Merkel are you are stating beliefs about the probability of default. These beliefs will, perhaps slowly, converge even in the absence of common knowledge, and even in the absence of new information from Greece.