We consider a general framework of optimal mechanism design under adverse selection and ambiguity about the type …

the α-MEU model of choice under ambiguity (Hurwicz, 1951) can overcome several challenges faced by the baseline model …

We propose a class of multiple-prior representations of preferences under ambiguity where the belief the decision … Optimism. The model does not restrict the sign of the DM's ambiguity attitude, and we show that it provides a unified framework … through which to characterize different degrees of ambiguity aversion, as well as to represent context-dependent negative and …

science and economics. As a philosopher Keynes was concerned with contemporary discussion on knowledge, probability, judgment … mathematical calculation. He developed ways to theorize about uncertainty, confidence and the future. The project Keynes as a … recognized in German discourses. -- Philosophy ; ethics ; theory of probability ; theory of knowledge ; animal spirits …