Search results for "Unawareness"
showing 5 items of 5 documents
Rasgos esquileos en la caracterización de algunos personajes sofocleos
2008
Jose.V.Banuls@uv.es Carmen.Morenilla@uv.es Frente a la ignorancia en sus diversas formas como fuente del error trágico que caracteriza a los héroes de Sófocles, los de Esquilo son conscientes de lo que hacen, pero su grado de consciencia se halla alterado por una fuerza negativa que surge de su propio linaje. Encontramos estos rasgos esquileos, pero positivados, en Antígona. In contrast with ignorance as the source of the tragic error which characterizes the heroes of Sophocles, the heroes of Aeschylus are fully aware of their actions. However, the degree of their awareness is altered by a negative force which emerges from their lineage. These Aeschylean features are positively presented in…
Unawareness and bankruptcy: A general equilibrium model
1998
International audience; We present a consistent pure-exchange general equilibrium model where agents may not be able to foresee all possible future contingencies. In this context, even with nominal assets and complete asset markets, an equilibrium may not exist without appropriate assumptions. Specific examples are provided. An existence result is proved under the main assumption that there are sufficiently many states that all the agents foresee. An intrinsic feature of the model is bankruptcy, which agents may involuntarily experience in the unforeseen states.
Human capital and RD Driven Growth: analyse for France at regional level on the long run
2012
At the root of the Lisbon goal, for Europe, is placed the awareness for advocating a close link between growth and dissemination of advanced knowledge and innovation, on the one hand, and raising in general endowments in human capital, on the other hand, as to have power over the development of non-specific skills and boost efficiency. Much work in literature also stressed the interest of the position concerning traditional activities in the geography of innovation and links, in the long term, between the spatial distribution of longestablished skills and knowledge creation. Following Jones, in this approach, for which contribution to R&D and innovation explains half of the increase in weal…
Unawareness, Priors and Posteriors
2008
Abstract. This note contains first thoughts on awareness of unawareness in a simple dynamic context where a decision situation is repeated over time. The main consequence of increasing awareness is that the model the decision maker uses, and the prior which it contains, becomes richer over time. The decision maker is prepared to this change, and we show that if a projection-consistency axiom is satisfied unawareness does not affect the value of her estimate of a payoff-relevant conditional probability (although it may weaken confidence in such estimate). Probability-zero events however pose a challenge to this axiom, and if that fails, even estimate values will be different if the decision …