We construct a model in which the ambiguity of candidates allows them to increase the number of voters to whom they … that if the number of candidates or parties increases, ambiguity will not be possible in equilibrium, but a larger set of …

powdered infant milk formula. The influence of ambiguity with the incidence rate information and provision of safe … depending on the treatment. While no ambiguity effects are generally found, provision of safe-handling information has a …

, where the idea of ambiguity is absent. Arguably, Knighitan uncertainty, or ambiguity is one of the cornerstones of modern … situations of ambiguity. This paper introduces the idea of a monotone equimeasurable rearrangement in the context of non …

In real world situations the fundamental value of an asset is ambiguous. Recent theory has incorporated ambiguity in … experimentally study trader reaction to ambiguity when dividend information is revealed sequentially. Price changes are consistent … with news revelation regarding the dividend regardless of subject experience and the degree of ambiguity. Further, there is …

important contexts. Under ambiguity aversion, an ex–ante mixture could provide only ex–ante hedging but not ex–post hedging …

uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance … committing to a fraud detection strategy eliminates the ambiguity. Thus strategic ambiguity can be an equilibrium outcome in the … auditing settings and complements the literature on games with ambiguity-averse players. …

We review recent advances in the field of decision making under uncertainty or ambiguity. …

group shift effect under two sources of uncertainty, namely risk where probabilities are known, and ambiguity where … a clear test of the effect of the decision rule on the group shift effect under both risk and ambiguity. …

ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act … makes an ambiguity averse decision maker (DM) worse off but does not affect the welfare of an ambiguity neutral DM. A more … ambiguous (II) act adversely affects a more ambiguity averse DM more, as measured by the compensation they require to switch …