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Robust pricing models often suffer from being overly conservative. This is due to lack of asymmetry information within the set of possible valuation distributions. However, even when information on asymmetry is available incorporating it within pricing models makes the characterization of...
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, participants resolved an ambiguous task and self-reported their performance, validating that ambiguity and dishonesty increase in … resolving ambiguity through a brief training session, which effectively reduced the effort required to disambiguate the task …
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