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Unawareness of theorems

  • Spyros Galanis

    ()

This paper provides a set-theoretic model of knowledge and unawareness. A new property called Awareness Leads to Knowledge shows that unawareness of theorems not only constrains an agent’s knowledge, but also can impair his reasoning about what other agents know. For example, in contrast to Li (J Econ Theory 144:977–993, 2009 ), Heifetz et al. (J Econ Theory 130:78–94, 25 2006 ) and the standard model of knowledge, it is possible that two agents disagree on whether another agent knows a particular event. The model follows Aumann (Ann Stat 4:1236–1239, 1976 ) in defining common knowledge and characterizing it in terms of a self-evident event, but departs in showing that no-trade theorems do not hold. Copyright Springer-Verlag 2013

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File URL: http://hdl.handle.net/10.1007/s00199-011-0683-x
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Article provided by Springer & Society for the Advancement of Economic Theory (SAET) in its journal Economic Theory.

Volume (Year): 52 (2013)
Issue (Month): 1 (January)
Pages: 41-73

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Handle: RePEc:spr:joecth:v:52:y:2013:i:1:p:41-73
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  1. Li, Jing, 2009. "Information structures with unawareness," Journal of Economic Theory, Elsevier, vol. 144(3), pages 977-993, May.
  2. Sujoy Mukerji, 1996. "Understanding the nonadditive probability decision model (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(1), pages 23-46.
  3. Modica, Salvatore & Rustichini, Aldo, 1999. "Unawareness and Partitional Information Structures," Games and Economic Behavior, Elsevier, vol. 27(2), pages 265-298, May.
  4. HEIFETZ, Aviad & MEIER, Martin & SCHIPPER, Burkhard C., 2004. "Interactive unawareness," CORE Discussion Papers 2004059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. John Geanakoplos, 1992. "Common Knowledge," Journal of Economic Perspectives, American Economic Association, vol. 6(4), pages 53-82, Fall.
  6. Joseph Y. Halpern, 2000. "Alternative Semantics for Unawareness," Game Theory and Information 0004010, EconWPA.
  7. Skiadas, Costis, 1997. "Subjective Probability under Additive Aggregation of Conditional Preferences," Journal of Economic Theory, Elsevier, vol. 76(2), pages 242-271, October.
  8. Aldo Rustichini, 2002. "Preference for flexibility in infinite horizon problems," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 20(4), pages 677-702.
  9. Partha Dasgupta & Douglas Gale & Oliver Hart & Eric Maskin (ed.), 1992. "Economic Analysis of Markets and Games: Essays in Honor of Frank Hahn," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262541599.
  10. Kreps, David M, 1979. "A Representation Theorem for "Preference for Flexibility"," Econometrica, Econometric Society, vol. 47(3), pages 565-77, May.
  11. Heifetz, Aviad & Meier, Martin & Schipper, Burkhard C, 2009. "Unawareness, Beliefs and Speculative Trade," MPRA Paper 18437, University Library of Munich, Germany.
  12. repec:ecl:ucdeco:09-20 is not listed on IDEAS
  13. Jacob Sagi, 2006. "What is an ‘endogenous state space’?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 27(2), pages 305-320, January.
  14. Epstein, Larry G. & Marinacci, Massimo & Seo, Kyoungwon, 2007. "Coarse contingencies and ambiguity," Theoretical Economics, Econometric Society, vol. 2(4), December.
  15. John Geanakoplos & Heracles M. Polemarchakis, 1982. "We Can't Disagree Forever," Cowles Foundation Discussion Papers 639, Cowles Foundation for Research in Economics, Yale University.
  16. Galanis, Spyros, 2013. "Trade and the value of information under unawareness," Discussion Paper Series In Economics And Econometrics 1313, Economics Division, School of Social Sciences, University of Southampton.
  17. Paolo Ghirardato, 2001. "Coping with ignorance: unforeseen contingencies and non-additive uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 17(2), pages 247-276.
  18. Kim-Sau Chung & Oliver Board, 2007. "Object-Based Unawareness," Working Papers 2007-2, University of Minnesota, Department of Economics, revised 24 Aug 2007.
  19. Aviad Heifetz & Martin Meier & Burkhard Schipper, 2011. "Dynamic unawareness and rationalizable behavior," Working Papers 113, University of California, Davis, Department of Economics.
  20. Eddie Dekel, 1997. "A Unique Subjective State Space for Unforeseen Contingencies," Discussion Papers 1202, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  21. Ewerhart, Christian, 2001. "Heterogeneous Awareness and the Possibility of Agreement," Sonderforschungsbereich 504 Publications 01-30, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  22. Meier, Martin & Schipper, Burkhard C, 2010. "Speculative Trade under Unawareness: The Infinite Case," MPRA Paper 20632, University Library of Munich, Germany.
  23. Youichiro Higashi & Kazuya Hyogo, 2012. "Lexicographic expected utility with a subjective state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(1), pages 175-192, January.
  24. Spyros Galanis, 2011. "Syntactic foundations for unawareness of theorems," Theory and Decision, Springer, vol. 71(4), pages 593-614, October.
  25. Salvatore Modica & Aldo Rustichini & Jean-Marc Tallon, 1998. "Unawareness and bankruptcy: A general equilibrium model," Post-Print halshs-00499386, HAL.
  26. Yi-Chun Chen & Jeffrey Ely & Xiao Luo, 2012. "Note on unawareness: Negative Introspection versus AU Introspection (and KU Introspection)," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(2), pages 325-329, May.
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