We present the concept of nocuous ambiguity, which occurs when text is interpreted differently by different readers. In contrast, text exhibits innocuous ambiguity if different readers interpret it in the same way, even though structural or semantic analyses suggest that multiple interpretations may be possible. We collect multiple human judgements of a set of English phrases obtained from requ...

We analyze a market populated by expected utility maximizers and smooth ambiguity-averse consumers. We study conditions under which ambiguity-averse consumers survive and affect prices in the limit. If ambiguity vanishes with time or if the economy exhibits no aggregate risk, ambiguity-averse consumers survive, but have no long-run impact on prices. In both scenarios, ambiguity-averse consumers...

In this paper, we discuss a case study performed for validating a Natural Language (NL) based software requirements specification (SRS) in terms of completeness, consistency, and fault-tolerance. A partial verification of the Guidance and Control Software (GCS) Specification is provided as a result of analysis using three modeling formalisms. Zed was applied first to detect and remove ambiguity...