Common Knowledge and Accounting

10/12/99


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Table of Contents

Common Knowledge and Accounting

Emperor Has No Clothes

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Stock Market

Newspaper Beauty Contest

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LIFO Inventory Accounting

Beliefs About Others

Emperor’s Clothes

Emperor’s Clothes (Contd.)

What about the Child?

Keynes on Stock Market

Stock Market (Contd.)

Should I Pay Attention to Others When I Know I Am Right?

What About Accounting

Value Maximizing Manager in an Efficient Market

Common Knowledge (Lewis)

Common Knowledge (Aumann)

Orders of Knowledge

Knowledge About What

Development of the Idea

Arriving at Common Knowledge

Convention to Coordinate

Importance of Common Knowledge

Theory of Accounting and Control

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Functions of Accounting

Shared Facts for Conflict Resolution

Defining Contracts

Accounting for Two Kinds of Uncertainty

Common Knowledge for Contract Renegotiation

Conflict at Renegotiation

Prospects for Research

Accounting Standards

Auditing and Cognition

Financial Analysis, Trading Volume and Bubbles

Models of Weakening Common Knowledge Assumption

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Thank You

Author: BA Faculty

Email: shyam.sunder@yale.edu

Home Page: http://www.som.yale.edu/faculty/sunder/research.html

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