We review recent advances in the field of decision making under uncertainty or ambiguity. …

roll over their loans or not. We use a non-Bayesian approach where creditors exhibit some aversion to ambiguity. We show … that an increase in ambiguity reduces the perceived coordination of players in rolling over their loans. This contibutes to … increasing the probability of a financial crisis, and therefore provides an additional argument in favor of transparency in the …

results in lower performance and heightened probability of accidents. …

We provide exact relations giving the probability of individual and coalitional manipulation of three specific social … of voters is greater than a certain threshold value. In addition, the probability of individual and coalitional …

Axiomatic models of decision under ambiguity with a non-unique prior allow for the existence of Crisp Fair Gambles …

linear costs of Self-Control. In this paper we extend this theory to situations in which a decision-maker faces ambiguity. We … decision-maker to put a probability measure on uncertain events. Our basic hypothesis is that, in ambiguous situation … Choice-Theoretic model where the ex ante belief is a probability measure whereas ex post belief is a Choquet-capacity, in …

's (VEU) axioms and who is ambiguity averse. To this end, we derive a mean-variance preference generalised to ambiguity from … to ambiguity in the VEU framework. Our criterion has attractive features: it is axiomatically well-founded and …

In an analogous way to the classical case of a probability measure, we extend the notion of an increasing convex …

respect to a probability has been extended to the case of a normalised monotone (but not necessarily additive) set function …-known results about Choquet integrals with respect to a distorted probability do not necessarily hold true in the more general case …