Ellsberg`s 2-Color Experiment, Bid-Ask Behavior and Ambiguity
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References listed on IDEAS
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- Larry G. Epstein & Martin Schneider, 2007.
"Learning Under Ambiguity,"
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More about this item
KeywordsEllsberg Paradox; bid-ask spread; testing for ambiguity aversion; uncertainty aversion; unforeseen cointingencies; subjective state spaces.;
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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