Interactive Unawareness

Heifetz, Aviad; Meier, Martin; Schipper, Burkhard C.

doi:doi:10.5282/ubm/epub.13498

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/94015

Title:

Interactive Unawareness

Authors:

Heifetz, Aviad
Meier, Martin
Schipper, Burkhard C.

Year of Publication:

2005

Series/Report no.:

SFB/TR 15 Discussion Paper No. 52

Publisher:

Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY), München

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.

Subjects:

unawareness
awareness
knowledge
interactive epistemology
speculative trade
bounded perception

JEL:

C70
C72
D80
D82

Persistent Identifier of the first edition:

doi:10.5282/ubm/epub.13498
urn:nbn:de:bvb:19-epub-13498-0

Document Type:

Working Paper

Appears in Collections:

Discussion Papers, Collaborative Research Center Transregio 15: Governance and the Efficiency of Economic Systems, Ludwig-Maximilians-Universität München (LMU) et al.

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