contribution, the paper extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion …, ambiguity aversion, and the propensity to smooth consumption over time. …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …

extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion, ambiguity aversion, and …

of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …

pervasive uncertainty is best modeled as ambiguity rather than risk, as a set of situations where multiple prior probability …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …

paper introduces aversion to non-risk uncertainty (ambiguity). Ishow a close formal similarity between the model of … ambiguity aversion. I merge the models, achieving a threefold disentanglement between, risk aversion, ambiguity aversion, and …