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Ambiguity

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Author Info
Jürgen Eichberger () (University of Heidelberg, Department of Economics)
David Kelsey () (University of Exeter, School of Business and Economics)
Abstract

Ambiguity refers to a decision situation under uncertainty when there is incomplete information about the likelihood of events. Different formal models of this notion have been developed with differing implications about the representation of ambiguity and ambiguity aversion.

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Publisher Info
Paper provided by University of Heidelberg, Department of Economics in its series Working Papers with number 0448.

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Length: 31 pages
Date of creation: Jul 2007
Date of revision: Jul 2007
Handle: RePEc:awi:wpaper:0448

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Related research
Keywords: uncertainty ambiguity ambiguity attitude

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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    Other versions:
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    Other versions:
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    Other versions:
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