Information, Knowledge and Belief

21 Pages Posted: 12 Nov 2002

See all articles by Giacomo Bonanno

Giacomo Bonanno

University of California, Davis - Department of Economics

Abstract

The paper models information as possibilities consistent with signals received from the environment. Knowledge is obtained by reasoning about the signals received as well as those that might have been received but were not. The term 'knowledge' is used to refer to those beliefs that are obtained by reasoning about the available information, and nothing else. That is, one ought to be able to fully justify what one knows by means of the information that is available. The term 'belief' is used to refer to those beliefs that are based on information but not necessarily only on information. The author investigates the relationship between information, knowledge and belief, as well as the issue of updating knowledge and belief in response to changes in information.

Suggested Citation

Bonanno, Giacomo F., Information, Knowledge and Belief. Bulletin of Economic Research, Vol. 54, pp. 47-67, 2002. Available at SSRN: https://ssrn.com/abstract=308858

Giacomo F. Bonanno (Contact Author)

University of California, Davis - Department of Economics ( email )

One Shields Drive
Davis, CA 95616-8578
United States
916-752-1574 (Phone)
916-752-9382 (Fax)

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