A new epistemic model


Autoria(s): Pintér, Miklós
Data(s)

18/04/2014

Resumo

Meier (2012) gave a "mathematical logic foundation" of the purely measurable universal type space (Heifetz and Samet, 1998). The mathematical logic foundation, however, discloses an inconsistency in the type space literature: a finitary language is used for the belief hierarchies and an infinitary language is used for the beliefs. In this paper we propose an epistemic model to fix the inconsistency above. We show that in this new model the universal knowledgebelief space exists, is complete and encompasses all belief hierarchies. Moreover, by examples we demonstrate that in this model the players can agree to disagree Aumann (1976)'s result does not hold, and Aumann and Brandenburger (1995)'s conditions are not sufficient for Nash equilibrium. However, we show that if we substitute selfevidence (Osborne and Rubinstein, 1994) for common knowledge, then we get at that both Aumann (1976)'s and Aumann and Brandenburger (1995)'s results hold.

Formato

application/pdf

Identificador

http://unipub.lib.uni-corvinus.hu/1530/1/cewp201402.pdf

Pintér, Miklós (2014) A new epistemic model. Working Paper. Corvinus University of Budapest Faculty of Economics, Budapest.

Publicador

Corvinus University of Budapest Faculty of Economics

Relação

http://unipub.lib.uni-corvinus.hu/1530/

Palavras-Chave #Mathematics, Econometrics
Tipo

Monograph

NonPeerReviewed