On the Smooth Ambiguity Model: A Reply.
Epstein (2009) describes three Ellsberg-style thought experiments and argues that they pose difficulties for the smooth ambiguity model of decision making under uncertainty developed by Klibanoff, Marinacci and Mukerji (2005). We revisit these thought exeperiments and find, to the contrary, that th...
| Asıl Yazarlar: | , , |
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| Materyal Türü: | Working paper |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Department of Economics (University of Oxford)
2009
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