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What is ambiguity?
AMARANTE, Massimiliano - Département de Sciences Économiques, Université de … - 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 …
Persistent link: https://www.econbiz.de/10011186226
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What is Ambiguity?
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 …
Persistent link: https://www.econbiz.de/10010927917
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Contracting for innovation under knightian uncertainty
AMARANTE, Massimiliano; GHOSSOUB, Mario; PHELPS, Edmund - Département de Sciences Économiques, Université de … - 2012
probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come together … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …
Persistent link: https://www.econbiz.de/10010933661
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Contracting for Innovation under Knightian Uncertainty
Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund - Centre Interuniversitaire de Recherche en Économie … - 2012
probabilities on the new states. The agents in the economy are classified with respect to their attitude towards this Ambiguity: the … financiers are (locally) Ambiguity-seeking while the consumers are Ambiguity-averse. An entrepreneur and a financier come … contracting problem does not fall within the standard theory due to the presence of Ambiguity (on the financier’s side) and to the …
Persistent link: https://www.econbiz.de/10010616508
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Ranking Sets of Objects.
Barbera, S.; Bossert, W.; Pattanaik, P.K. - Centre Interuniversitaire de Recherche en Économie … - 2001
We provide a survey of the literature on ranking sets of objects. The interpretations of those set ranking include those employed in the theory of choice under complete uncertianty, rankings of opportunity sets, set rankings that appear in matching theory, and the structure of assemly proferences.
Persistent link: https://www.econbiz.de/10005545637
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Non-Deteriorating Choice
BOSSERT, Walter; SPRUMONT, Yves - Département de Sciences Économiques, Université de … - 2001
We analyze an alternative to the standard rationalizability requirement for observed choices by considering non-deteriorating selections. A selection function is a generalization of a choice function where selected alternatives may depend on a reference (or status quo) alternative in addition to...
Persistent link: https://www.econbiz.de/10005545650
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What Is a Commody? Two Axiomatic Anwers
SPRUMONT, Yves - Département de Sciences Économiques, Université de … - 2001
We identify conditions under which preferences over sets of consumption opportunities can be reduced to preferences over bundles of "commodities". We distinguish ordinal bundles, whose coordinates are defined up to monotone transformations, from cardinal bundles, whose coordinates are defined up...
Persistent link: https://www.econbiz.de/10005545658
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Ranking Sets of Objects
BARBERA, Salvador; BOSSERT, Walter; PATTANAIK, Prasanta K. - Département de Sciences Économiques, Université de … - 2001
We provide a survey of the literature on ranking sets of objects. The interpretations of those set rankings include those employed in the theory of choice under complete uncertainty, rankings of opportunity sets, set rankings that appear in matching theory, and the structure of assembly...
Persistent link: https://www.econbiz.de/10005545808
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A Dynamic Game of Emissions Pollution with Uncertainty and Learning
Masoudi, Nahid; Santugini, Marc; Zaccour, Georges - Centre Interuniversitaire sur le Risque, les Politiques … - 2015
We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and compare the feedback non-cooperative emissions strategies of players when the players do not know the distribution of ecological uncertainty but they gain information (learn)...
Persistent link: https://www.econbiz.de/10011120284
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Strategic Interactions in a One-Sector Growth Model
Fesselmeyer, Eric; Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2013
We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and...
Persistent link: https://www.econbiz.de/10011202209