Showing 1 - 10 of 12
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness among several individuals and strong properties of knowledge. We show that this generalized state-space model arises naturally if states consist of maximally consistent sets of...
Persistent link: https://www.econbiz.de/10008620333
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2013) to the infinite case.
Persistent link: https://www.econbiz.de/10008620348
In this paper we compare two different approaches to modeling unawareness: the object-based approach of Board and Chung (2007) and the subjective-state-space approach of Heifetz, Meier and Schipper (2006).
Persistent link: https://www.econbiz.de/10008620350
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying our unawareness belief structures, we show that the...
Persistent link: https://www.econbiz.de/10008620363
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10008620382
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier … awareness-dependent subject expected utility and assigns probability zero to some subsets of states that are not necessarily …
Persistent link: https://www.econbiz.de/10008620418
Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures. This paper extends this preference-based approach to unawareness structures (Heifetz, Meier, and Schipper, 2006, 2008). By defining unawareness and knowledge in terms of...
Persistent link: https://www.econbiz.de/10008914729
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for potential applications of asymmetric unawareness. Applying our unawareness belief structures, we show that the common prior assumption is too weak to rule out...
Persistent link: https://www.econbiz.de/10009350254
We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz … indistinguishable from awareness-dependent subject expected utility and assigns probability zero to some subsets of states that are not …
Persistent link: https://www.econbiz.de/10008752237
higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to … investigate the robustness of equilibria to uncertainty about opponents' awareness of actions. We show that a Nash equilibrium of …
Persistent link: https://www.econbiz.de/10010549855