that all uncertainty is revealed in the limit and agents behave as expected utility maximizer under the true underlying … ; Uncertainty ; Robust Representation ; Time-Consistency ; Blackwell-Dubins …

The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological … scenario will be realised and the scientific debate is still open. This paper captures those two layers of uncertainty by …

). -- Optimal stopping ; Ambiguity ; Uncertainty aversion …

. -- Optimal stopping ; Ambiguity ; Uncertainty aversion ; Robustness ; Continuous time ; Optimal control …

-lived securities. We show that this result generically fails if there is Knightian uncertainty in the volatility. Implementation is …

In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in … which Knightian uncertainty is modeled through a set of multiple priors, we prove existence and uniqueness of the optimal … - where risk is driven by a geometric Brownian motion and Knightian uncertainty is realized through a so-called "k …

We study an intertemporal consumption and portfolio choice problem under Knightian uncertainty in which agent …