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Li, Jing - 2008

problem. Information is modeled as a pair, consisting of both factual information and awareness information. The model … preserves the central properties of the standard information partition model …

Persistent link: https://www.econbiz.de/10014216943

Unawareness of Theorems

Galanis, Spyros - 2018

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...

Persistent link: https://www.econbiz.de/10012918267

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

The Value of Information Under Unawareness

Galanis, Spyros - 2018

The value of information is examined in a single-agent environment with unawareness. Al though the agent has a correct … lead him to commit information processing errors and to behave suboptimally. As a result, the value of information can be … 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/10012928333

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

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

Bayesian games with unawareness and unawareness perfection

Meier, Martin; Schipper, Burkhard - 2013

Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2013a), we develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and restricted from higher to lower...

Persistent link: https://www.econbiz.de/10010240317

Speculative trade under unawareness : the infinite case

Meier, Martin; Schipper, Burkhard - 2010 - This draft: April 18, 2013, First draft: March 1, 2007

Persistent link: https://www.econbiz.de/10009782964

Speculative trade under unawareness : the infinite case

Meier, Martin; Schipper, Burkhard - 2014 - This draft: February 27, 2014, First draft: March 1, 2007

Persistent link: https://www.econbiz.de/10010250539

Unawareness, beliefs and games

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 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/10010365853