Showing 1 - 10 of 523
restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define …
Persistent link: https://www.econbiz.de/10010276636
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 common prior assumption is too weak to rule out speculative trade in …
Persistent link: https://www.econbiz.de/10010282085
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 … generalization of the No-agreeing-to-disagree theorem. Finally, we show the existence of a universal unawareness belief type space. …
Persistent link: https://www.econbiz.de/10010282100
defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to … the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic …Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures …
Persistent link: https://www.econbiz.de/10010282084
We generalize the "No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010507616
higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to …Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2013a), we develop Bayesian games … with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to …
Persistent link: https://www.econbiz.de/10010507620
We prove a no-speculative-trade theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10010318836
higher awareness levels and restricted from higher to lower awareness levels. We apply Bayesian games with unawareness to …Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2012), we develop Bayesian games … with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to …
Persistent link: https://www.econbiz.de/10010282088
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 … events. I discuss in what sense impersonal expected utility can not represent unawareness. …
Persistent link: https://www.econbiz.de/10010282094
We generalize the No-trade theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10010282118