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Persistent link: https://www.econbiz.de/10013279517
We propose a class of multiple-prior representations of preferences under ambiguity, where the belief the decision-maker (DM) uses to evaluate an uncertain prospect is the outcome of a game played by two conflicting forces, Pessimism and Optimism. The model does not restrict the sign of the...
Persistent link: https://www.econbiz.de/10014091839