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Seven types of ambiguity

John Quiggin

No 662, Discussion Papers Series from University of Queensland, School of Economics

Abstract: Reducing ambiguity to a purely technical property of preferences misses much of the insight in Ellsberg’s (1961) paper, as well as in more recent developments in the study of differential awareness. In this paper, syntac- tic approaches to ambiguity are used to illustrate the point that Reducing ambiguity to a purely technical property of preferences misses much of the insight in Ellsberg’s (1961) paper, as well as in more recent developments in the study of differential awareness.

Date: 2023-02
New Economics Papers: this item is included in nep-cbe, nep-des, nep-mic and nep-upt
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