Basili, Marcello; Chateauneuf, Alain; Fontini, Fulvio - Maison des Sciences Économiques, Université Paris 1 … - 2004
This paper considers a decision-making process under ambiguity in which the decision-maker is supposed to split outcomes between familiar and unfamiliar ones. She is assumed to behave differently with respect to unfamiliar gains, unfamiliar losses and customary (familiar) outcomes. In...
