Information Structures with Unawareness

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 problem. Information is modeled as a pair, consisting of both factual information and awareness information. The model preserves the central properties of the standard information partition model

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Year of publication:	2008
Authors:	Li, Jing
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Informationsökonomik \| Economics of information \| Information

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