Traeger, Christian P. - 2013
of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity … aversion. A decision maker's preferences can nest a variety of widespread decision criteria, which are selected according to …