Coarse Contingencies

Larry Epstein, Massimo Marinacci and Seo Kyoungwon

No 4, Carlo Alberto Notebooks from Collegio Carlo Alberto

Abstract: The paper considers an agent who must choose an action today under uncertainty about the consequence of any chosen action but without having in mind a complete list of all the contingencies that could influence outcomes. She conceives of some relevant (subjective) contingencies but she is aware that these contingencies are coarse - they leave out some details that may affect outcomes. Though she may not be able to describe these finer details, she is aware that they exist and this may affect her behavior.

Keywords: Unforeseen Contingencies; Ambiguity; Menu Choices (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2006, Revised 2007
New Economics Papers: this item is included in nep-evo and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Coarse Contingencies (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wpaper:4

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