Ellsberg’s two-color experiment, portfolio inertia and ambiguity.
Results in this paper relate the observation of an interval of prices at which a decision maker (DM) strictly prefers to hold a zero position on an asset (termed “portfolio inertia”) to the DM’s perception of the underlying payoff relevant events as ambiguous, as the term is defined in [Econometrica...
| Prif Awduron: | , |
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| Fformat: | Journal article |
| Iaith: | English |
| Cyhoeddwyd: |
Elsevier
2003
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