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Hard-to-Interpret Signals

Larry Epstein and Yoram Halevy ()

Working Papers from University of Toronto, Department of Economics

Abstract: Decisions under uncertainty are often made with information that is difficult to interpret 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 towards such uncertainty.

Keywords: Ambiguity; updating; information; experiment (search for similar items in EconPapers)
JEL-codes: D81 D91 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-mic and nep-upt
Date: 2019-03-31
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-634

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