Interactive unawareness

The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Dekel, Lipman and Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the literature.

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Year of publication:	2004-09
Authors:	HEIFETZ, Aviad ; MEIER, Martin ; SCHIPPER, Burkhard C.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	unawareness \| awareness \| knowledge \| interactive epistemology \| speculative trade \| bounded perception

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Extent:	application/pdf
Series:	CORE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Center for Operations Research and Econometrics (CORE) Number 2004059
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games ; D80 - Information and Uncertainty. General ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005008472