Ambiguity Revealed

We derive necessary and sufficient conditions for data sets composed of state-contingent prices and consumption to be consistent with two prominent models of decision making under ambiguity: variational preferences and smooth ambiguity. The revealed preference conditions for the maxmin expected utility and subjective expected utility models are characterized as special cases

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Year of publication:	2013
Authors:	Bayer, Ralph C.
Other Persons:	Bose, Subir (contributor) ; Polisson, Matthew (contributor) ; Renou, Ludovic (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Entscheidung unter Unsicherheit \| Decision under uncertainty \| Offenbarte Präferenzen \| Revealed preferences \| Theorie \| Theory

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Extent:	1 Online-Ressource (25 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 25, 2013 erstellt
Other identifiers:	10.2139/ssrn.2046598 [DOI]
Classification:	D1 - Household Behavior and Family Economics ; D8 - Information and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013091107