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The paper considers an agent who must choose an action today under uncertainty about the consequence of any chosen action but without having in mind a complete list of all the contingencies that could influence outcomes. She conceives of some relevant (subjective) contingencies but she is aware...
Persistent link: https://www.econbiz.de/10005405554
This note provides a behavioral characterization of mutually absolutely continuous multiple priors.
Persistent link: https://www.econbiz.de/10005765470