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

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