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, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the … literature. In an example of speculative trade, we demonstrate how mutual unawareness of fundamentals allows for common knowledge …The standard state-spaces of asymmetric information preclude non- trivial forms of unawareness (Dekel, Lipman and …
Persistent link: https://www.econbiz.de/10010263088
The modeling of awareness and unawareness is a significant topic in the doxastic logic literature, where it is usually … draws upon the modal probabilistic logic that was introduced by Aumann (1999) at the semantic level, and then axiomatized by … Heifetz and Mongin (2001). The paper embodies in this framework those properties of unawareness that have been highlighted in …
Persistent link: https://www.econbiz.de/10011709907
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 … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10010276586
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 … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10010276636
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness … among several individuals and strong properties of knowledge. We show that this generalized state-space model arises …
Persistent link: https://www.econbiz.de/10010276583
Heifetz, Meier and Schipper (2005) introduced a generalized state-space model that allows for non-trivial unawareness … among several individuals and strong properties of knowledge. We show that this generalized state-space model arises …
Persistent link: https://www.econbiz.de/10010333845
-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini … unawareness proposed this far in the literature. …
Persistent link: https://www.econbiz.de/10010333992
the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic … defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to …Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures …
Persistent link: https://www.econbiz.de/10010282084
We prove a no-speculative-trade theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10010318836
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 … restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …
Persistent link: https://www.econbiz.de/10010333811