investigate this question in case that the individual probability functions are based on different information sets. Under … any overlaps between different persons' information sets. The solutions are derived from an axiomatic system that models … parameter-free, and that they incorporate each individual's information although the individuals need not communicate their …

This paper examines the influence of implicit information associated with the occurrence of avalanches on willingness …

an action, and receives a payoff that depends on the state and the action taken. An information structure determines the … state space, action set and utility function) the value of an information structure is the maximal expected utility that the … information structures that measure their value. It turns out that two conditions play a major role in the characterization of …

We introduce a new solution concept for games in extensive form with perfect information: the valuation equilibrium …

to calculate the integral also when there is information only about a few events and not about all of them. …