A smooth model of decision making under ambiguity.

We propose and axiomatize a new model of preferences that achieves a separation between ambiguity, identified as a characteristic of the decision maker's subjective information, and ambiguity attitude, a characteristic of the decision maker's tastes.

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Year of publication:	2002-09
Authors:	Klibanoff, Peter ; Marinacci, Massimo ; Mukerji, Sujoy
Institutions:	International Centre for Economic Research (ICER)
Subject:	Ambiguity \| Uncertainty \| Knightian Uncertainty \| Ambiguity Aversion \| Uncertainty Aversion \| Ellsberg Paradox

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Extent:	application/pdf
Series:	ICER Working Papers - Applied Mathematics Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	54 pages
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005135384