ambiguity prudence known as decreasing absolute ambiguity aversion (DAAA) is sufficient to give a clear and positive answer to …

ambiguity prudence known as decreasing absolute ambiguity aversion (DAAA) is sufficient to give a clear and positive answer to …

ambiguity prudence known as decreasing absolute ambiguity aversion (DAAA) is sufficient to give a clear and positive answer to …

loss or the probabilities, and analyze the effect of ambiguity aversion. I show that in most common situations, ambiguity … prudence is a sufficient condition to observe an increase in the level of effort. I proposes an interpretation of the model in …