AMARANTE, Massimiliano - Centre Interuniversitaire de Recherche en Économie … - 2014
The concept of Ambiguity designates those situations where the information available to the decision maker is …-expected utility models hanging on a shaky ground. In particular, it leaves unanswered basic questions such as: (1) Does Ambiguity … Utility (SEU) in the presence of Ambiguity?, and (4) If so, what kind of behavior should emerge in the presence of Ambiguity …