Showing 1 - 10 of 337
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 equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010276636
How migration relates to internationalization has been a prominent question in international economics for a long time and its relevance for policy has increased with the amplified political focus on migration. But the role of migration for internationalization is not as obvious as the standard...
Persistent link: https://www.econbiz.de/10012654439
generalized notion of) choice structure in terms of belief revision by adding: (1) the possibility that an item of ''information …'' might be discarded as not credible (thus dropping the AGM success axiom) and (2) the possibility that an item of information …, while not accepted as fully credible, may still be ''taken seriously'' (we call such items of information ''allowable''). We …
Persistent link: https://www.econbiz.de/10012655885
We examine how health information affects individuals' subjective well-being using a regression discontinuity design on … data from a screening program for an asymptomatic disease, abdominal aortic aneurysm (AAA). The information provided to the … receive information that they are healthy with those that receive information that they are in the risk zone for AAA, we find …
Persistent link: https://www.econbiz.de/10011716919
We characterize a precise comparative static on welfare and the amount of public information in an economy under … uncertainty. Results dating to Hirshleifer (1971) have suggested that information can have negative value in such a setting, but … concept of implementable allocations, the negative relationship between more public information in the sense of Blackwell and …
Persistent link: https://www.econbiz.de/10010318341
This paper investigates how information affect voting behaviour. There exist a large literature suggesting that … voters can not make up for their lack of information using shortcuts. Furthermore, the errors uninformed voters make do not …
Persistent link: https://www.econbiz.de/10010321387
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/10010266382
consisting of information-contingent plans for choosing actions and bets and subjective expected utility model with effect …
Persistent link: https://www.econbiz.de/10010277537
We manipulate the information subjects can share on the web concerning socially sensitive actions (public good …-signaling behavior. People take costly decisions to "filter" information about themselves (in retrospect) before it is published. We also …
Persistent link: https://www.econbiz.de/10013208752
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/10010507616