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-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/10010366550
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/10010343960
relations modeling implicit knowledge. They are a flexible model of unawareness, and best interpreted from a outside modeler …'s perspective. Unawareness structures by Heifetz, Meier, and Schipper (2006, 2008) (HMS) model awareness by a lattice of state … spaces and explicit knowledge via possibility correspondences. Sublattices thereof can be interpreted as subjective views of …
Persistent link: https://www.econbiz.de/10014422291
as knowledge, subject to their own awareness constraints. I characterize the interactive knowledge hierarchies under … unawareness, which significantly differ from those in the standard information partition model by allowing for false interactive … knowledge. Aumann's classic characterization of common knowledge does not immediately apply in this environment, even if there …
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as learning process that accumulates information and transforms it into `knowledge' via codification and structural … organization of this knowledge (Riedl 1978, 2000). Strategy and management as a process of social evolution are about the selection …
Persistent link: https://www.econbiz.de/10014045429