Foundations of ambiguity and economic modeling.
Are foundations of models of ambiguity-sensitive preferences too flawed to be usefully applied to economic models? Al-Najjar and Weinstein (2009) say such is indeed the case. In this paper, first, we point out that many of the key arguments by Al-Najjar and Weinstein do not apply to quite a few of...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2009
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