Characterizing ambiguity attitudes using model uncertainty
نویسندگان
چکیده
منابع مشابه
Ambiguity Attitudes
In many decisions under uncertainty, the decision maker has only vague information about the probabilities of potential outcomes of her actions. Following Ellsberg (1961), such situations with unknown or uncertain probabilities are often called ambiguous, to distinguish them from situations with objectively known probabilities, which are typically called risky. Ellsberg’s 1961 article suggested...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2020
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2020.02.014