Recursive smooth ambiguity preferences
نویسندگان
چکیده
Introduction Propose and provide foundations for a preference model set in an explicitly dynamic framework with uncertainty where: DM is sensitive to ambiguity ambiguity attitude is separated from ambiguity ‡exibility in ambiguity attitude and in scope of ambiguity preferences are dynamically consistent discounted expected utility is a special case beliefs are updated over time
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 144 شماره
صفحات -
تاریخ انتشار 2009