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-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini … unawareness proposed this far in the literature. …
Persistent link: https://www.econbiz.de/10010366550
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness … among several individuals and strong properties of knowledge. We show that this generalized state-space model arises …
Persistent link: https://www.econbiz.de/10010343960
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/10010365853
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 (2009), Heifetz et al. (2006) and the standard model of knowledge …
Persistent link: https://www.econbiz.de/10012918267
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 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
Applying unawareness belief structures introduced in Heifetz, Meier, and Schipper (2012), 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 awareness levels. We apply Bayesian games with unawareness to …
Persistent link: https://www.econbiz.de/10009544158
. -- Unawareness ; awareness ; common prior ; agreement ; speculative trade ; universal type-space ; interactive epistemology …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 …
Persistent link: https://www.econbiz.de/10009544213
the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic … defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to …Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures …
Persistent link: https://www.econbiz.de/10009544215
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