's three color experiment and that subjects act more often in line with consequentialism than with dynamic consistency. …

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … concepts, we conduct a dynamic extension of Ellsbergʼs 3-color experiment. We find that more subjects act in line with … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …

experiment and find that subjects act more often in line with consequentialism than with dynamic consistency. …

experiment and find that subjects act more often in line with consequentialism than with dynamic consistency. …

experiment and find that subjects act more often in line with consequentialism than with dynamic consistency. …

characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth …Dynamic consistency leads to Bayesian updating under expected utility. We ask what it implies for the updating of more … ambiguity aversion. This characterization extends to regret-based models as well. As an application of our general result, we …

We propose and axiomatically characterize dynamically consistent update rules for decision making under ambiguity … of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg …’s paradox) with dynamic consistency for all non-null events. Updating takes the form of applying Bayes’ rule to subsets of the …

characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth …Dynamic consistency leads to Bayesian updating under expected utility. We ask what it implies for the updating of more … ambiguity aversion. This characterization extends to regret-based models as well. As an appli- cation of our general result, we …

We propose and axiomatically characterize dynamically consistent update rules for decision making under ambiguity … of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg …’s paradox) with dynamic consistency for all non-null events. Updating takes the form of applying Bayes’ rule to subsets of the …

We propose and axiomatically characterize dynamically consistent update rules for decision making under ambiguity … of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg …’s paradox) with dynamic consistency for all non-null events. Updating takes the form of applying Bayes’ rule to subsets of the …