The value of information in risk-sharing environments with unawareness

DOI10.1016/J.GEB.2016.03.001MaRDI QIDQ290152zbMATHOpenAlexFDO

Authors Spyros Galanis

Publication date 1 June 2016

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://eprints.soton.ac.uk/390646/1/multi_agent_value_of_info.pdf

zbMATH Keywords

uncertaintyknowledgevalue of informationawarenessbounded perceptionrisk-sharingunawareness

Mathematics Subject Classification ID

Logics of knowledge and belief (including belief change) (03B42) Economics of information (91B44)

Recommendations

• The value of information under unawareness
• Incomplete risk sharing arrangements and the value of information
• The value of information and the value of awareness
• Risk sharing with private and public information
• Value of information in competitive economies with incomplete markets

Cites work

• scientific article; zbMATH DE number 3068103 (Why is no real title available?)
• A canonical model for interactive unawareness
• Alternative semantics for unawareness
• Awareness and partitional information structures
• Belief, awareness, and limited reasoning
• Blackwell's ordering and public information.
• Game theory without partitions, and applications to speculation and consensus
• Incomplete risk sharing arrangements and the value of information
• Information structures with unawareness
• Interactive unawareness
• Interactive unawareness revisited
• Optimal disclosure policy and undue diligence
• Standard State-Space Models Preclude Unawareness
• Syntactic foundations for unawareness of theorems
• The rationality and efficacy of decisions under uncertainty and the value of an experiment.
• The value of information under unawareness
• Two representations of information structures and their comparisons
• Unawareness and partitional information structures
• Unawareness of theorems
• Unawareness, beliefs, and speculative trade
• Value of Information with Sequential Futures Markets
• Value of information in competitive economies with incomplete markets

Cited in

(11)

• Speculation under unawareness
• The value of information under unawareness
• Pessimism and optimism towards new discoveries
• Dynamic consistency, valuable information and subjective beliefs
• Incomplete risk sharing arrangements and the value of information
• Unawareness without AU introspection
• Risk sharing with private and public information
• On the value of information sharing in the presence of information errors
• On the axiomatization of an unawareness structure from knowing-whether operators
• The tradeoff between risk sharing and information production in financial markets
• Updating awareness and information aggregation

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