Unawareness of theorems


Galanis, Spyros (2013) Unawareness of theorems. Economic Theory, 52, (1), 41-73. (doi:10.1007/s00199-011-0683-x).

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Description/Abstract

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.

Item Type: Article
Additional Information: This is a heavily revised version of the 2007 Discussion Papers in Economics and Econometrics paper.
ISSNs: 0938-2259 (print)
1432-0479 (electronic)
Related URLs:
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social and Human Sciences > Social Sciences > Economics
ePrint ID: 203275
Date Deposited: 16 Nov 2011 10:02
Last Modified: 27 Mar 2014 19:47
URI: http://eprints.soton.ac.uk/id/eprint/203275

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