Showing 1 - 10 of 1,201
of preferences over acts, to be able to reconcile typical behavior in the face of ambiguity (as exemplified by Ellsberg …’s paradox) with dynamic consistency for all non-null events. Updating takes the form of applying Bayes’ rule to subsets of the …
Persistent link: https://www.econbiz.de/10011702323
Persistent link: https://www.econbiz.de/10010434174
Since at least de Finetti [7], preference symmetry assumptions have played an important role in models of decision making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff, Mukerji and Seo (KMS) [21] and alternative symmetry...
Persistent link: https://www.econbiz.de/10011694779
Persistent link: https://www.econbiz.de/10011963283
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The … experimenters). We use this device in order to eliminate possible ‘strategic’ ambiguity related to subjects’ beliefs about the … experimenters’ motivations. In addition, we survey 40 experimental studies on Ellsberg’s two- and three-color problems, and find that …
Persistent link: https://www.econbiz.de/10010360878
Persistent link: https://www.econbiz.de/10010395153
Persistent link: https://www.econbiz.de/10013279524
Persistent link: https://www.econbiz.de/10012665194
Persistent link: https://www.econbiz.de/10011572598
Persistent link: https://www.econbiz.de/10012131912