Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10003567809
Persistent link: https://www.econbiz.de/10011376466
Persistent link: https://www.econbiz.de/10009711686
Persistent link: https://www.econbiz.de/10010246899
Preferences are defined over payoffs that are contingent on a finite number of states representing a horse race (Knightian uncertainty) and a roulette (objective risk). The class of scale-invariant (SI) ambiguity-averse preferences, in a broad sense, is uniquely characterized by a multiple-prior...
Persistent link: https://www.econbiz.de/10011688977