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Awareness and equilibrium

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  • Hill, Brian

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Abstract

There has been a recent surge of interest among economists in developing models of doxastic states that can account for some aspects of human cognitive limitations that are ignored by standard formal models, such as awareness. Epistemologists purport to have a principled reason for ignoring the question of awareness: under the equilibrium conception of doxastic states they favour, a doxastic state comprises the doxastic commitments an agent would recognise were he fully aware, so the question of awareness plays no role. The objective of this paper is to scrutinize this argument.

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Bibliographic Info

Paper provided by HEC Paris in its series Les Cahiers de Recherche with number 939.

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Length: 22 pages
Date of creation: 21 Aug 2010
Date of revision:
Handle: RePEc:ebg:heccah:0939

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Postal: HEC Paris, 78351 Jouy-en-Josas cedex, France
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Related research

Keywords: Bounded rationality; awareness; doxastic states; cognitive equilibrium; belief change; formal epistemology.;

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  1. Leandro RĂªgo & Joseph Halpern, 2012. "Generalized solution concepts in games with possibly unaware players," International Journal of Game Theory, Springer, vol. 41(1), pages 131-155, February.
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