EconPapers    
Economics at your fingertips  
 

Hard evidence and ambiguity aversion

Mehdi Ayouni () and Frederic Koessler
Additional contact information
Mehdi Ayouni: Thema, Université de Cergy-Pontoise

Theory and Decision, 2017, vol. 82, issue 3, 327-339

Abstract: Abstract This article shows that if an allocation rule can be implemented with unlimited information certification, then it can also be implemented with limited information certification if the designer can use ambiguous communication mechanisms, and if agents are averse to ambiguity in the sense of maxmin expected utility. The reverse implication is true if there is a single agent and a worst outcome.

Keywords: Ambiguity; Certifiable information; Evidence disclosure; Mechanism design; Maxmin expected utility (search for similar items in EconPapers)
JEL-codes: C72 D82 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11238-016-9575-7 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Hard evidence and ambiguity aversion (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:82:y:2017:i:3:d:10.1007_s11238-016-9575-7

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/11238/PS2

Access Statistics for this article

Theory and Decision is currently edited by Mohammed Abdellaoui

More articles in Theory and Decision from Springer
Series data maintained by Sonal Shukla ().

 
Page updated 2017-12-01
Handle: RePEc:kap:theord:v:82:y:2017:i:3:d:10.1007_s11238-016-9575-7