Al-Najjar and Weinstein 2009 propose to scrutinize the implications of recent theories of ambiguity in dynamic settings. They conclude that such implications are so unreasonable as to cast doubts on the legitimacy of the theories under consideration. The present paper argues that the seemingly unreasonable implications highlighted by Al-Najjar and Weinstein can be understood as the result of ba...

ln this paper, we describe an approach to planning sensing slralegies dynamically, based on the system’s current best information about the world. Our approach is for the system to automatically propose a sensing operation, and then to determine the maximum ambiguity which might remain in the world description if that sensing operation were applied. The system then applies that sensing operatio...

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...

Several authors have reported an unconditional size effect in returns around earnings announcements. In this study we show how this finding can be understood as resulting from ambiguity aversion. We hypothesize that analyst forecasts for smaller companies are relatively more ambiguous; hence they are priced pessimistically by ambiguity-averse investors. As the quarter comes to a close and ambig...

Bistatic multiple-input multiple-output (MIMO) radar can improve the system performance for obtaining the waveform diversity and larger degrees of freedom (DoF), and effectively counteract the stealthy target for its transmit antennas and receive antennas separated placement. Similarly with the conventional bistatic radar, the geometry configurations of bistatic MIMO radar also play an importan...

In this article we obtain estimates on the approximate eigenstructure of channels with a spreading function supported only on a set of finite measure |U |. Because in typical application like wireless communication the spreading function is a random process corresponding to a random Hilbert–Schmidt channel operator H we measure this approximation in terms of the ratio of the p–norm of the devia...

The estimation of the scattering function in time-frequency selective fading mobile environment is considered. The scattering function explicitly reveals the time-frequency selective behavior of the fading channel under the well-known WSSUS assumption. We propose two classes of estimators based on a time-frequency framework that generalize the existing estimators while giving an extra freedom a...