under ambiguity, called Shadow probability theory, a generalization of the Choquet expected utility. In this model … space. Risk and risk attitude, on the other hand, apply to the subordinated space, as in classical expected utility theory … the classical asset pricing theory by incorporating ambiguous probabilities. It proposes a well defined ambiguity premium …

Asset Pricing Model (CAPM), are employed as deterministic with assumptions of normally, independently, and continuously … model based in utility theory to determine the likelihood that an asset will generate a return in excess of the risk …