We develop a theory of optimal stopping problems under ambiguity in continuous time. Using results from (backward … from the agent's ambiguity aversion. We show how to use these general results for search problems and American Options. …

We consider optimal stopping problems for ambiguity averse decision makers with multiple priors. In general, backward …

effects using both types of stimuli, but they are stronger for the naturalistic stimulus and in the context of ambiguity …

context of ambiguity. These effects are also highly gender-specific with only males being susceptible. To probe the emotional …

ambiguity aversion. This characterization extends to regret-based models as well. As an application of our general result, we … characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth … ambiguity preferences (Klibanoþ, Marinacci and Mukerji [Econometrica 73 2005, pp. 1849-1892]) and the variational preferences …

to information differences (sampling bias), to a feature of preferences (ambiguity sensitivity) or to aspects of …

Observed individual behavior in the presence of ambiguity is characterized by insufficient responsiveness to changes in … subjective likelihoods. Such likelihood insensitivity under ambiguity is integral to theoretical models and predictive of … and determining factors. This paper investigates the role of beliefs in the form of ambiguity perception - the extent to …