Battigalli, Pierpaolo; Cerreia-Vioglio, Simone; … - In: American Economic Review 105 (2015) 2, pp. 646-77
We analyze a notion of self-confirming equilibrium with non-neutral ambiguity attitudes that generalizes the traditional concept. We show that the set of equilibria expands as ambiguity aversion increases. The intuition is quite simple: by playing the same strategy in a stationary environment,...