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Working Papers, Department of Economics, UC Davis >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/58370
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Heifetz, Aviad | | en_US |
| dc.contributor.author | | Meier, Martin | | en_US |
| dc.contributor.author | | Schipper, Burkhard C. | | en_US |
| dc.date.accessioned | | 2009-11-10 | | en_US |
| dc.date.accessioned | | 2012-06-12T13:33:35Z | | - |
| dc.date.available | | 2012-06-12T13:33:35Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/58370 | | - |
| dc.description.abstract | | We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying our unawareness belief structures, we show that the common prior assumption is too weak to rule out speculative trade in all states. Yet, we prove a generalized No-trade theorem according to which there can not be common certainty of strict preference to trade. Moreover, we show a generalization of the No-agreeing-to-disagree theorem. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Dep. of Economics, Univ. of California Davis, Calif. | | en_US |
| dc.relation.ispartofseries | | Working Papers, University of California, Department of Economics 09,20 | | en_US |
| dc.subject.jel | | C70 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | D80 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | unawareness | | en_US |
| dc.subject.keyword | | awareness | | en_US |
| dc.subject.keyword | | zero probability | | en_US |
| dc.subject.keyword | | type-space | | en_US |
| dc.subject.keyword | | common prior | | en_US |
| dc.subject.keyword | | agreement | | en_US |
| dc.subject.keyword | | speculative trade | | en_US |
| dc.subject.keyword | | interactive epistemology | | en_US |
| dc.title | | Unawareness, beliefs and speculative trade | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 612520889 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, UC Davis
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