investors' effective risk aversion. Using this utility function, we extend the "no good deals" methodology of Cochrane and Saá … uncertainty. We construct a notion of a modeluncertainty-induced utility function and show that model uncertainty increases … some numerical examples. -- asset pricing theory ; good-deal bounds ; Knightian uncertainty ; model uncertainty …

hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals … partial identification without relying on functional form restrictions for utility. Identification given general, potentially … in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …