The focus of this paper is to analyze the effect that ambiguity will have on the buyer's reservation price and the … neutral and ambiguity averse. The problem is formulated as an optimal stopping problem with multiple priors in continuous time … ambiguity. …

The focus of this paper is to analyze the effect that ambiguity will have on the buyer's reservation price and the … neutral and ambiguity averse. The problem is formulated as an optimal stopping problem with multiple priors in continuous time … ambiguity. …

strongly rectangular set of priors. We develop a strategy and equilibrium concept allowing for ambiguity and show that … motion and kappa-ambiguity does not equate to "lowest trend". …

We consider optimal stopping problems for ambiguity averse decision makers with multiple priors. In general, backward …). -- Optimal stopping ; Ambiguity ; Uncertainty aversion …

from the perspective of an ambiguity averse buyer in a discrete time model of Cox-Ross-Rubinstein style. The multiple prior … maker needs to solve a stopping problem. Unlike the classical approach ambiguity averse decision maker uses a class of …-driven claims. -- Worst-case measure ; Ambiguity aversion ; Binomial methods ; American exotic options ; Optimal exercise …

We develop a theory of optimal stopping problems under ambiguity in continuous time. Using results from (backward … from the agent's ambiguity aversion. We show how to use these general results for search problems and American Options …. -- Optimal stopping ; Ambiguity ; Uncertainty aversion ; Robustness ; Continuous time ; Optimal control …