The purpose of this paper is to apply existing knowledge to counter climate change. The contribution to knowledge is to ground institutional analysis, individual behaviour, political science, economics, management and the management of global sustainability in the practices and science of...

This paper explores who is financially literate, whether people accurately perceive their own economic decision-making skills, and where these skills come from. Self-assessed and objective measures of financial literacy can be linked to consumers’ efforts to plan for retirement in the American...

In the modern regulatory state, there is a serious tension between two indispensable ideas. The first is that it is important to measure, both in advance and on a continuing basis, the effects of regulation on social welfare, usually through cost-benefit analysis. The second idea, attributable...

The German population has good financial knowledge measured on the basis of three financial literacy questions. Around 85 % of the individuals comprehend the functioning of interest and inflation. And 60 % of the individuals understand the relationship of risk and diversification. Overall around...

The paper provides a specification of belief systems for models of large economies with anonymity in which aggregate states depend only on cross-section distributions of types. For belief systems satisfying certain conditions of mutual absolute continuity, the paper gives a necessary and...

This study discusses the convergence to a solution in simultaneous-move games with unawareness. Since games with unawareness assume players' unawareness of actions, in some plays, players might revise their subjective views when they observe opponents' play, which they were unaware of. Recently,...

The knowledge management literature suggests that an organization’s knowledge ecosystem is comprised of strategic situations in which the individual behaviors of its knowledge workers show potential conflicts with what would be optimal for the organization. This paper aims to explore how such...

Suppose we replace "knowledge" by "belief with probability p" in standard definitions of common knowledge. Very different notions arise depending on the exact definition of common knowledge used in the substitution. This paper demonstrates those differences and identifies which notion is...

Common knowledge can be defined in at least two ways: syntactically as the common knowledge of a set of formulas or semantically, as the meet of the knowledge partitions of the agents. In the multi-agent S5 logic with either finitely or countably many agents and primitive propositions, the...

One approach to representing knowledge or belief of agents, used by economists and computer scientists, involves an infinite hierarchy of beliefs. Such a hierarchy consists of an agent's beliefs about the state of the world, his beliefs about other agents' beliefs about the world, his beliefs...