Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10003445216
Persistent link: https://www.econbiz.de/10002588080
Persistent link: https://www.econbiz.de/10002197661
Persistent link: https://www.econbiz.de/10009553202
Persistent link: https://www.econbiz.de/10009631475
We derive necessary and sufficient conditions for data sets composed of state-contingent prices and consumption to be consistent with two prominent models of decision making under ambiguity: variational preferences and smooth ambiguity. The revealed preference conditions for the maxmin expected...
Persistent link: https://www.econbiz.de/10013091107
Persistent link: https://www.econbiz.de/10009545824
Persistent link: https://www.econbiz.de/10011556920
This paper considers mechanism design problems in environments with ambiguity-sensitive individuals. The novel idea of the paper is to introduce ambiguity in mechanisms so as to exploit the ambiguity sensitivity of individuals. We prove a revelation principle for the partial implementation of...
Persistent link: https://www.econbiz.de/10013123537