Sub-models for interactive unawareness

We propose a notion of a sub-model for each agent at each state in the Heifetz et al. ( 2006 ) model of interactive unawareness. Presuming that each agent is fully cognizant of his sub-model causes no difficulty and fully describes his knowledge and his beliefs about the knowledge and awareness of o...

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Veröffentlicht in:	Theory and decision 2015-12, Vol.79 (4), p.601-613
Hauptverfasser:	Grant, Simon, Kline, J. Jude, O’Callaghan, Patrick, Quiggin, John
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Behavioral/Experimental Economics Cognition & reasoning Decision theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Game Theory Insurance Interactive Knowledge Language Management Mathematical models Operations Research/Decision Theory Social and Behav. Sciences Statistics for Business Studies
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Zusammenfassung:	We propose a notion of a sub-model for each agent at each state in the Heifetz et al. ( 2006 ) model of interactive unawareness. Presuming that each agent is fully cognizant of his sub-model causes no difficulty and fully describes his knowledge and his beliefs about the knowledge and awareness of others. We use sub-models to motivate the HMS conditions on possibility correspondences.
ISSN:	0040-5833 1573-7187
DOI:	10.1007/s11238-015-9485-0