Showing 1 - 10 of 1,515
of beliefs (or ambiguity), imprecision of tastes (or multi-utility), and state dependence of utility. Examples include … phenomena, as well as state-dependent multi-utility generalisations of popular ambiguity models …Many decision situations involve two or more of the following divergences from subjective expected utility: imprecision …
Persistent link: https://www.econbiz.de/10012120578
researchers especially in health economics emphasizing the policy importance of the phenomenon. Although the bias has been …
Persistent link: https://www.econbiz.de/10003910098
health outcomes conditional on observed patient covariates. Let y be an outcome of interest and let (x=k, w=j) be observed … patient covariates. Suppose a clinician wants to choose a care option that maximizes a patient's expected utility conditional …
Persistent link: https://www.econbiz.de/10011994408
In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to …
Persistent link: https://www.econbiz.de/10011422127
Ambiguity refers to a decision situation under uncertainty when there is incomplete information about the likelihood of … ambiguity and ambiguity aversion. …
Persistent link: https://www.econbiz.de/10011422156
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and … social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the … ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple …
Persistent link: https://www.econbiz.de/10011422157
strategic ambiguity may induce such behaviour. …
Persistent link: https://www.econbiz.de/10011422175
This paper shows that, for CEU preferences, the axioms consquentialism, state independence and conditional certainty equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This family contains as special cases among others...
Persistent link: https://www.econbiz.de/10011422288
This paper shows that, for CEU preferences, the axioms consquentialism, state independence and conditional certainty equivalent consistency under updating characterise a family of capacities, called Genralised Neo-Additive Capacities (GNAC). This family contains as special cases among others...
Persistent link: https://www.econbiz.de/10003893438
We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and … social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the … ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple …
Persistent link: https://www.econbiz.de/10003592769