We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty … (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia … equilibrium implications (indeterminacies, non revelation of information) of these decision models. A section is then devoted to …

Since at least de Finetti [7], preference symmetry assumptions have played an important role in models of decision …

The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the … frequency) events. Bets on such events are shown to reveal the i.i.d. measures that are relevant for the decision maker …

model of choice. We evaluate the performance of different models (including expected utility, disappointment aversion, rank … dependent utility, mean-variance utility, and stochastically monotone utility) in the data collected by Choi et al. (2007), in …