Hard-to-Interpret Signals

Larry Epstein and Yoram Halevy

Journal of the European Economic Association, 2024, vol. 22, issue 1, 393-427

Abstract: Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual’s attitude toward such uncertainty.

Date: 2024
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Working Paper: Hard-to-Interpret Signals (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jeurec:v:22:y:2024:i:1:p:393-427.

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