Epstein, Larry; Schneider, Martin - University of Rochester - Center for Economic Research … - 2006
, where they may have little information
and hence also little confidence regarding the true odds. The Ellsberg Paradox has … Federal Reserve Bank of Minneapolis or the Federal Reserve System.
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by choices in the Ellsberg Paradox cannot be … addressed by the Ellsberg Paradox, an agent may lack confidence in her
initial information about the environment. However …