findings indicate that robust rules, which account for model uncertainty, advocate significantly less aggressive policy …. Ignoring model uncertainty imposes significant costs, while the cost of insuring against this uncertainty is relatively low …

from equilibrium asset prices. By linking normal variance-mean mixtures with model uncertainty, we account for agents …

In this work, we study a class of stationary mean-field games of singular stochastic control under model uncertainty …

preferences and face model uncertainty with a common set of identifiable models. Aggregate endowment is ambiguous. We characterize …

Bayesian model averaging to study heterogeneous effects and address model uncertainty. The results are consistent with small …

Bayesian model averaging to study heterogeneous effects and address model uncertainty. The results are consistent with small …

preferences and face model uncertainty with a common set of identifiable models. Aggregate endowment is ambiguous. We characterize …

In this work, we study a class of stationary mean-field games of singular stochastic control under model uncertainty …