Interactive Unawareness

The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini, 1994, 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:	2005
Authors:	Heifetz, Aviad ; Meier, Martin ; Schipper, Burkhard C.
Publisher:	München : Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Subject:	unawareness \| awareness \| knowledge \| interactive epistemology \| speculative trade \| bounded perception

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Series:	SFB/TR 15 Discussion Paper ; 52
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5282/ubm/epub.13498 [DOI] 788944053 [GVK] hdl:10419/94015 [Handle] RePEc:trf:wpaper:52 [RePEc]
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games ; D80 - Information and Uncertainty. General ; D82 - Asymmetric and Private Information
Source:	EconStor

Persistent link: https://www.econbiz.de/10010333992