Showing 1 - 10 of 230
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/10008527367
defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to … the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic …Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures …
Persistent link: https://www.econbiz.de/10009004843
Let S be a set of logically related propositions, and suppose a jury must decide the truth/falsehood of each member of S. A `judgement aggregation rule' (JAR) is a rule for combining the truth valuations on S from each juror into a collective truth valuation on S. Recent work has shown that...
Persistent link: https://www.econbiz.de/10005619969
This paper characterizes different belief revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning...
Persistent link: https://www.econbiz.de/10011110170
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984 …
Persistent link: https://www.econbiz.de/10005105671
The US Security and Exchange Commission implemented Regulation Fair Disclosure in 2000, requiring that an issuer must make relevant information disclosed to any investor available to the general public in a fair manner. Focusing on firms that are affected by the regulation, we propose a model...
Persistent link: https://www.econbiz.de/10005790409
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. …
Persistent link: https://www.econbiz.de/10008529292
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
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10008636463
induced by EFR strategies. PR applies also to generalized extensive-form games which model mutual unawareness of actions … by Milgrom and Roberts (1986); yet, we also show that under unawareness full unraveling might fail. …
Persistent link: https://www.econbiz.de/10009004199