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Differentiating ambiguity: An expository note

Eichberger, Jürgen; Grant, Simon; Kelsey, David

Description

Ghirardato et al. J Econ Theory 118:133–173, 2004 propose a method for distinguishing between perceived ambiguity and the decision-maker’s reaction to it. They study a general class of preferences which they refer to as invariant biseparable. This class includes CEU and MEU. This note presents some examples which illustrate their results.

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/281495
Source: Economic Theory
DOI: 10.1007/s00199-007-0278-8

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