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design that allow for intermediate degrees of ambiguity-aversion. These preferences allow the specification of priors but …
Persistent link: https://www.econbiz.de/10005345043
Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref
Persistent link: https://www.econbiz.de/10005812177