Differentiating ambiguity: An expository note
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Eichberger, Jürgen
Grant, Simon
Kelsey, David
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Springer
Abstract
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.
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Economic Theory
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2099-12-31
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