Comparative Ignorance as an Explanation of Ambiguity Aversion and Ellsberg Choices: A Survey with a New Proposal for Bayesian Training
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More about this item
Keywords
counterfactual priors; ambiguity; ellsberg paradox;All these keywords.
JEL classification:
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2024-04-01 (Utility Models and Prospect Theory)
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