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Information, evolution and utility
Swinkels, Jeroen M.; Samuelson, Larry - In: Theoretical Economics 1 (2006) 1, pp. 119-142
Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities … of our utility functions. …
Persistent link: https://www.econbiz.de/10011599367
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Information, evolution and utility
Swinkels, Jeroen M.; Samuelson, Larry - In: Theoretical Economics 1 (2006) 1, pp. 119-142
Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities … of our utility functions. …
Persistent link: https://www.econbiz.de/10005212485
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Awareness-Dependent Subjective Expected Utility
Schipper, Burkhard C. - 2011
We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz …, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We … negation of the event is "null". Moreover, we characterize "impersonal" expected utility that is behaviorally indistinguishable …
Persistent link: https://www.econbiz.de/10013133766
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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
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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
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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
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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
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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
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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
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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/10010276636