The focus of this paper is to analyze the effect that ambiguity will have on the buyer's reservation price and the … neutral and ambiguity averse. The problem is formulated as an optimal stopping problem with multiple priors in continuous time … ambiguity. …

This paper studies sequential information acquisition by an ambiguity-averse decision maker (DM), who decides how long … updates prior by prior. We show that the consideration of ambiguity gives rise to rich dynamics: compared to the Bayesian DM …

strongly rectangular set of priors. We develop a strategy and equilibrium concept allowing for ambiguity and show that … motion and kappa-ambiguity does not equate to "lowest trend". …

This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …

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 …. -- Optimal stopping ; Ambiguity ; Uncertainty aversion ; Robustness ; Continuous time ; Optimal control …

from the perspective of an ambiguity averse buyer in a discrete time model of Cox-Ross-Rubinstein style. The multiple prior … maker needs to solve a stopping problem. Unlike the classical approach ambiguity averse decision maker uses a class of …-driven claims. -- Worst-case measure ; Ambiguity aversion ; Binomial methods ; American exotic options ; Optimal exercise …

strategies form the perspective of an ambiguity averse buyer. The multiple prior setting relaxes the presumption of a known …