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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 … model of knowledge, it is possible that two agents disagree on whether another agent knows a particular event. The model …
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The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...
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have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment …
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