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Heifetz, Meier and Schipper (2013) introduced generalized extensive-form games that allow for asymmetric unawareness … generalized extensive-form game with unawareness may consist of a collection of normal-form games. We use it to characterize … unawareness, a player's information set not only determines which nodes he considers possible but also of which game tree(s) he is …
Persistent link: https://www.econbiz.de/10013467145
Heifetz, Meier and Schipper (2013) introduced generalized extensive-form games that allow for asymmetric unawareness … generalized extensive-form game with unawareness may consist of a collection of normal-form games. We use it to characterize … unawareness, a player's information set not only determines which nodes he considers possible but also of which game tree(s) he is …
Persistent link: https://www.econbiz.de/10013350879
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are ''self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …
Persistent link: https://www.econbiz.de/10012655887
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … process because players may discover novel actions during play. In this sense, many games with unawareness are "self … state there is an extensive-form game with unawareness that together with the players' play determines the transition to …
Persistent link: https://www.econbiz.de/10012509154
cannot handle the notions of finite belief hierarchy and unawareness among others. In this paper we consider a generalization … spaces can and more, finite belief hierarchies and unawareness among others. We also demonstrate that the universal …
Persistent link: https://www.econbiz.de/10009325558
Infinite hierarchies of awareness and beliefs arise in games with unawareness, similarly to belief hierarchies in … structure with unawareness where each type has an awareness level and a belief over types. Countable hierarchies are therefore … sufficient to describe all uncertainty in games with unawareness. …
Persistent link: https://www.econbiz.de/10011049778
unawareness statements whereby I drop the inference rule of necessitation, which claims that an agent knows all theorems of the …
Persistent link: https://www.econbiz.de/10008594423
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/10005126692
I develop a set-theoretic model of unawareness without making any structural assumptions on the underlying state space …. Unawareness is characterized as a measurability constraint that results in players' reasoning about a “coarse" subjective algebra … variant of the partition model to examine the case of partial unawareness, where the player is aware of a question but unaware …
Persistent link: https://www.econbiz.de/10005102103
I construct a state space model with unawareness following Aumann (1976). Dekel, Lipman and Rustichini (1998a) show … that standard state space models are incapable of representing unawareness. The model circumvents the impossibility result … by endowing the agent with a subjective state space that differs from the full state space when he has the unawareness …
Persistent link: https://www.econbiz.de/10005102108