Interactive unawareness

Aviad Heifetz; Martin Meier; Burkhard C. Schipper

doi:10.1016/j.jet.2005.02.007

Interactive unawareness

Aviad Heifetz, Martin Meier, Burkhard C. Schipper

Economics discipline

Research output: Contribution to journal › Article › peer-review

Abstract

The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini (Theory Decision 37 (1994) 107-124); Dekel, Lipman and Rustichini (Econometrica 66 (1998) 159-173)). 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.

Original language	English
Pages (from-to)	78-94
Number of pages	17
Journal	Journal of Economic Theory
Volume	130
Issue number	1
DOIs	https://doi.org/10.1016/j.jet.2005.02.007
State	Published - Sep 2006

Bibliographical note

Funding Information:
∗Corresponding author. E-mail addresses: [email protected] (A. Heifetz), [email protected] (M. Meier), [email protected] (B.C. Schipper). 1 Financial support during the preparation of earlier drafts from the European Union via a Marie-Curie Individual Fellowship (HPMF-2002-02073) is gratefully acknowledged. 2Financial support by the DFG and DAAD is gratefully acknowledged.

Keywords

Awareness
Bounded perception
Interactive epistemology
Knowledge
Speculative trade
Unawareness

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10.1016/j.jet.2005.02.007

Cite this

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title = "Interactive unawareness",

abstract = "The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini (Theory Decision 37 (1994) 107-124); Dekel, Lipman and Rustichini (Econometrica 66 (1998) 159-173)). 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.",

keywords = "Awareness, Bounded perception, Interactive epistemology, Knowledge, Speculative trade, Unawareness",

author = "Aviad Heifetz and Martin Meier and Schipper, {Burkhard C.}",

note = "Funding Information: ∗Corresponding author. E-mail addresses: [email protected] (A. Heifetz), [email protected] (M. Meier), [email protected] (B.C. Schipper). 1 Financial support during the preparation of earlier drafts from the European Union via a Marie-Curie Individual Fellowship (HPMF-2002-02073) is gratefully acknowledged. 2Financial support by the DFG and DAAD is gratefully acknowledged.",

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Interactive unawareness

Abstract

Bibliographical note

Keywords

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