Ambiguity Aversion, Robustness, and the Variational Representation of Preferences

We characterize, in the Anscombe-Aumann framework, the preferences for which there are a utility functionu on outcomes and an ambiguity indexc on the set of probabilities on the states of the world such that, for all acts f and g, Copyright The Econometric Society 2006.

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Year of publication:	2006
Authors:	Maccheroni, Fabio ; Marinacci, Massimo ; Rustichini, Aldo
Published in:	Econometrica. - Econometric Society. - Vol. 74.2006, 6, p. 1447-1498
Publisher:	Econometric Society

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005130021