| Heifetz, Aviad and Meier, Martin and Schipper, Burkhard C. (February 2005): Interactive Unawareness. SFB/TR 15 Discussion Paper No. 52 |
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292Kb |
Abstract
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini, 1994, Dekel, Lipman and Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the literature.
| Item Type: | Paper (Discussion Paper) |
|---|---|
| Keywords: | unawareness, awareness, knowledge, interactive epistemology, speculative trade, bounded perception. |
| Collections: | Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems > C4 - Experimentelle Analyse von rationalen und beschränkt rationalen Theorien des Marktverhaltens |
| Subjects: | 300 Social sciences > 330 Economics |
| JEL Classification: | C70, C72, D80, D82 |
| URN: | urn:nbn:de:bvb:19-epub-13498-0 |
| Language: | English |
| ID Code: | 13498 |
| Last Modified: | 10. Jul 2012 13:11 |
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