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Ambiguity

Jürgen Eichberger () and David Kelsey
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Jürgen Eichberger: Sonderforschungsbereich 504, Postal: L 13, 15, D-68131 Mannheim

No 07-50, Sonderforschungsbereich 504 Publications from Sonderforschungsbereich 504, Universität Mannheim

Abstract: Ambiguity refers to a decision situation under uncertainty when there is incomplete information about the likelihood of events. Different formal models of this notion have been developed with differing implications about the representation of ambiguity and ambiguity aversion.

New Economics Papers: this item is included in nep-cbe and nep-upt
Date: Written 2007-07-11
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Working Paper: Ambiguity (2007) Downloads
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