Rational Ritual

In this insightful exploration, Michael Chwe delves into the concept of common knowledge to explain the dynamics behind various rituals and ceremonies, from Super Bowl commercials to political inaugurations. Using game theory, he illustrates how individuals coordinate participation by understanding what others know, creating a powerful shared awareness that influences cultural practices. Chwe's analysis highlights the reciprocal relationship between rationality and culture, making his work relevant for both social sciences and humanities. The new afterword expands on common knowledge's applications in today's digital age, showcasing its increasing relevance.