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Interactive Unawareness and Speculative Trade

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2003

The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … standard information structures with strong properties of knowledge. …

Persistent link: https://www.econbiz.de/10010263088

Unawareness, Beliefs and Games

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2007

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/10010276586

Unawareness, beliefs and games

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C. - 2007

Persistent link: https://www.econbiz.de/10010276636

Unawareness, beliefs and games

Heifetz, Aviad (contributor); Meier, Martin (contributor); … - 2007

-agreeing-to-disagree" theorem. -- unawareness ; type-space ; Bayesian games ; incomplete information ; equilibrium ; common prior ; agreement …

Persistent link: https://www.econbiz.de/10003728030

Unawareness, beliefs and speculative trade

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2009

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/10003894997

Unawareness, Beliefs, and Speculative Trade

Heifetz, Aviad - 2012

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/10013116677

Unawareness, beliefs, and speculative trade

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2011

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/10009544213

Information, evolution and utility

Samuelson, Larry; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 1, pp. 119-142

Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features...

Persistent link: https://www.econbiz.de/10011704445

Robust Information Aggregation

Veiel, Rafael - 2022

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper … shows that investors aggregate their private information in equilibrium by trading a token and observing its market price … over multiple rounds before making the investment decision. This result is robust to the information environment. The paper …

Persistent link: https://www.econbiz.de/10014239114

The curse of knowledge increases self-selection into competition : experimental evidence

Danz, David - 2014 - Rev.

overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …

Persistent link: https://www.econbiz.de/10010403249

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