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Ambiguity

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  • Eichberger, Jürgen
  • Kelsey, David

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.

Suggested Citation

  • Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Papers 07-50, Sonderforschungsbreich 504.
  • Handle: RePEc:mnh:spaper:2518
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    File URL: https://madoc.bib.uni-mannheim.de/2518/1/dp07_50.pdf
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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