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ideologies, in the second stage, they simultaneously choose their levels of ambiguity. Ambiguity, although disliked by voters …
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about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance claims … committing to a fraud-detection strategy eliminates the ambiguity about auditing. Thus, strategic ambiguity can be an equilibrium …
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this "competence effect" influences trading frequency and home bias. We find that investors who feel competent trade more …
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