The logic of Knightian games

Shiri Alon () and Aviad Heifetz ()
Additional contact information
Shiri Alon: Bar Ilan University
Aviad Heifetz: The Open University of Israel

Economic Theory Bulletin, 2014, vol. 2, issue 2, No 4, 182 pages

Abstract: Abstract We devise a sound and complete epistemic-logic axiomatization for Knightian type spaces—the generalization of Harsanyi type spaces employed in strategic games with asymmetric uncertainty/ambiguity. In a Knightian type space, each type’s epistemic attitude is represented by a set of probability measures. The axiomatization unravels how each such epistemic attitude embodies a (potentially) partial likelihood relation over formulas, and conversely, each partial likelihood relation over formulas is representable by a Knightian type.

Keywords: Knightian uncertainty; Type spaces; Epistemic logic; Ambiguity (search for similar items in EconPapers)
JEL-codes: D81 D82 D83 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s40505-014-0037-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:etbull:v:2:y:2014:i:2:d:10.1007_s40505-014-0037-5

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40505

DOI: 10.1007/s40505-014-0037-5

Access Statistics for this article

Economic Theory Bulletin is currently edited by Nicholas C. Yannelis

More articles in Economic Theory Bulletin from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().