Showing 1 - 10 of 6,383
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010250539
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 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 … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10003728030
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/10003894997
We generalize the \No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10003943569
I develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier … events. I discuss in what sense impersonal expected utility can not represent unawareness. -- Unawareness ; awareness …
Persistent link: https://www.econbiz.de/10003943576
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
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/10013070298
I study how choice behavior given unawareness of an event differs from choice behavior given subjective belief of zero … probability on that event. Depending on different types of unawareness the decision-maker suffers, behavior under unawareness is … either incomparable with that under zero probability (in the case of pure unawareness), or drastically different (in the case …
Persistent link: https://www.econbiz.de/10012723898
We provide a syntactic model of unawareness. By introducing multiple knowledge modalities, one for each sub …-language, we specifically model agents whose only mistake in reasoning (other than their unawareness) is to underestimate the … Galanis [2007] and compare it with other unawareness models in the literature …
Persistent link: https://www.econbiz.de/10012936579