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; speculative trade ; interactive epistemology …
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The paper provides a specification of belief systems for models of large economies with anonymity in which aggregate states depend only on cross-section distributions of types. For belief systems satisfying certain conditions of mutual absolute continuity, the paper gives a necessary and...
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We consider interactive epistemic models where individuals are described by both their "knowledge" and their "beliefs … either the extent of intersubjective truth and/or the logic of common belief: common belief in no error, common knowledge of … common belief, negative introspection of common belief, coincidence of common knowledge and common belief, and collapse of …
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Firms raise cost-reducing alliances before competing with each other, but cannot fully internalize the shared knowledge …
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We provide a syntactic model of unawareness. By introducing multiple knowledge modalities, one for each sub … knowledge of more aware agents. We show that the model is a complete and sound axiomatization of the set-theoretic model of …
Persistent link: https://www.econbiz.de/10012936579