Abstract
Ghirardato et al. J Econ Theory 118:133-173, 2004 propose a method for distinguishing between perceived ambiguity and the decision-maker's reaction to it. They study a general class of preferences which they refer to as invariant biseparable. This class includes CEU and MEU. This note presents some examples which illustrate their results.
Original language | English |
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Pages (from-to) | 327-336 |
Number of pages | 10 |
Journal | Economic Theory |
Volume | 36 |
Issue number | 2 |
DOIs | |
Publication status | Published - Aug 2008 |
Externally published | Yes |