Baillon, Aurélien; Bleichrodt, Han; Keskin, Umut; … - Centre de Recherche en Économie et Management (CREM) - 2013
This paper studies the effect of learning new information on decision under uncertainty.Using ambiguity models, we show the effect of learning on beliefs and ambiguity attitudes. We develop a new method to correct beliefs for ambiguity attitudes and decompose ambiguity attitudes into pessimism...
