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equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10010276636
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10010365853
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10010333811
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10005785816
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10004968356
equilibrium, and prove existence. We show how equilibria are extended naturally from lower to higher awareness levels and … 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 …
Persistent link: https://www.econbiz.de/10008620382
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini …-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on … unawareness proposed this far in the literature. …
Persistent link: https://www.econbiz.de/10010366550
The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and … Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals …, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the …
Persistent link: https://www.econbiz.de/10010263088
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/10010282085
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/10008527367