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Consider two agents who learn the value of an unknown parameter by observing a sequence of private signals. The signals are independent and identically distributed across time but not necessarily across agents. We show that that when each agent's signal space is finite, the agents will commonly...
Persistent link: https://www.econbiz.de/10012776664
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/10003859763
Persistent link: https://www.econbiz.de/10010409238