We propose and axiomatize a new model of incomplete preferences under uncertainty, which we call hope …

data with a broad class of models of choice under risk and under uncertainty. Our method allows for risk loving and elation …

broad class of models of choice under risk and under uncertainty. Unlike previous work, we do not require that the agent has …

decision in the absence of ambiguity. We then show that uncertainty about the probability of side effects and the efficacy of … the vaccine always reduce take-up under ambiguity aversion. However, uncertainty about the underlying disease, being the … results are relevant for policy because reducing uncertainty associated with the vaccine always has the de-sired effect …

We study an intertemporal consumption and portfolio choice problem under Knightian uncertainty in which agent …

to be better educated and trained in how to approach decision making under uncertainty. If these quantitatively trained … players, playing the simplest game we can think of involving uncertainty and favourable odds, didn't play well, what hope is …