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Hill, Brian - 2019

Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion …

Persistent link: https://www.econbiz.de/10012266826

Measuring ambiguity attitude : (extended) multiplier preferences for the American and the Dutch population

Baillon, Aurélien; Bleichrodt, Han; Huang, Zhenxing; … - In: Journal of risk and uncertainty : JRU 54 (2017) 3, pp. 269-281

Persistent link: https://www.econbiz.de/10011804662

Chapter 20. Wanting Robustness in Macroeconomics

Hansen, Lars Peter; Sargent, Thomas J. - In: Handbook of monetary economics : volume 3, (pp. 1097-1157). 2010

control theory to the so-called multiplier and constraint preferences that have been used to express ambiguity aversion …. Detection error probabilities can be used to discipline empirically plausible amounts of robustness. We describe applications to …

Persistent link: https://www.econbiz.de/10014025622

Doubts about the model and optimal policy

Karantounias, Anastasios G. - 2020

This paper analyzes optimal policy in setups where both the leader and the follower have doubts about the probability model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many small firms in a competitive fringe, where both types...

Persistent link: https://www.econbiz.de/10012256581

Doubts about the model and optimal policy

Karantounias, Anastasios G. - 2023

Persistent link: https://www.econbiz.de/10014318095

Doubts about the model and optimal policy

Karantounias, Anastasios G. - In: Journal of economic theory 210 (2023), pp. 1-38

Persistent link: https://www.econbiz.de/10014421170

Beyond uncertainty aversion

Hill, Brian - In: Games and economic behavior 141 (2023), pp. 196-222

Persistent link: https://www.econbiz.de/10014454544

Decision making in times of Knightian uncertainty : an info-gap perspective

Ben-Haim, Yakov; Demertzis, Maria - 2016

be interpreted as a cost of robustness. They show that the robustness analysis can lead to a reversal of policy …-probabilistic approach available in the literature. They also consider conceptual proxies for robustness and demonstrate their use in …

Persistent link: https://www.econbiz.de/10011544781

Decision making in times of Knightian uncertainty : an info-gap perspective

Ben-Haim, Yakov; Demertzis, Maria - 2015

of robustness and that the robustness analysis can lead to a reversal of policy preference from the putative optimum …

Persistent link: https://www.econbiz.de/10011279652

The order of knowledge and robust action : how to deal with economic uncertainty?

Falkinger, Josef - 2015

distinguish between environments? Robustness comes at the price of targeting actions less narrowly to specific conditions, so we … lose gains from specialization. Need for robustness comes from our limited knowledge. Rational dealing with uncertainty …

Persistent link: https://www.econbiz.de/10011326624