Jürgen Eichberger () and
David Kelsey Additional contact information Jürgen Eichberger: Sonderforschungsbereich 504, Postal: L 13, 15, D-68131 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.