Hanany, Eran (contributor); Klibanoff, Peter (contributor) - 2008
general preferences. In this paper, we characterize dynamically consistent update rules for preference models satisfying … characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth … ambiguity preferences (KlibanoÞ, Marinacci and Mukerji [Econometrica 73 2005, pp. 1849-1892]) and the variational preferences …