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-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini … unawareness proposed this far in the literature. …
Persistent link: https://www.econbiz.de/10010366550
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 …
Persistent link: https://www.econbiz.de/10010343960
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/10010365853
The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct … prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may … negative, contrasting what is true in the standard model with partitional information and no unawareness. We show that the …
Persistent link: https://www.econbiz.de/10011263576
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/10009782964
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010250539
as knowledge, subject to their own awareness constraints. I characterize the interactive knowledge hierarchies under … is "common awareness" of the event involved. An alternative characterization of common knowledge is provided …This paper extends Li (2008b) to the multi-agent environment, where players reason about each other's awareness as well …
Persistent link: https://www.econbiz.de/10014216944
I develop a set-theoretic model of unawareness without making any structural assumptions on the underlying state space …. Unawareness is characterized as a measurability constraint that results in players' reasoning about a "coarse" subjective algebra … variant of the partition model to examine the case of partial unawareness, where the player is aware of a question but unaware …
Persistent link: https://www.econbiz.de/10014216977
This paper provides a set-theoretic model of knowledge and unawareness. A new property called Awareness Leads to … Knowledge shows that unawareness of theorems not only constrains an agent's knowledge, but also, can impair his reasoning about … what other agents know. For example, in contrast to Li (2009), Heifetz et al. (2006) and the standard model of knowledge …
Persistent link: https://www.econbiz.de/10012918267
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/10013116677