Tag: Common Knowledge
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Common Knowledge
Common knowledge is information presumed known within a specific group, aiding in effective communication and social cohesion. It varies by cultural, professional, and universal contexts, and is influenced by education, media, and social networks.
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Schelling Point
In game theory, a Schelling point describes an intuitive focal solution people gravitate towards without direct communication. Named after its progenitor, economist Thomas Schelling, its reach extends to realms like negotiations, economics, and international affairs, driven by common societal frameworks and references.