DIFFERENTIATING AMBIGUITY: An Expository Note1

نویسندگان

  • Jürgen Eichberger
  • Alfred Weber
  • Simon Grant
  • David Kelsey
چکیده

Ghirardato, Maccheroni, and Marinacci (2004) propose a method for distinguishing between perceived ambiguity and the decision-maker’s reaction to it. They study a general class of preferences which they dub invariant biseparable. This class includes CEU and MEU. This note presents some examples which illustrate their results. Keywords, Ambiguity, multiple priors, invariant biseparable preferences, Hurwicz preferences. JEL Classi…cation: D81. Address for Correspondence David Kelsey, Department of Economics, University of Exeter, Rennes Drive, Exeter, Devon, EX4 4PU, ENGLAND.

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تاریخ انتشار 2006