Preferences with changing ambiguity aversion
This paper provides two equivalent representations for thegeneral class of uncertainty averse preferences studied by Cerreia-Vioglio,Maccheroni, Marinacci and Montrucchio (2011). The two representations employrespectively two important extensions of Gilboa and Schmeidler (1989)’s maxmindecision rule...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1904 https://ink.library.smu.edu.sg/context/soe_research/article/2903/viewcontent/preferences_with_changing_ambiguity_aversion__revised_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |