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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Detalles Bibliográficos
Autor principal: Mukerji, S
Formato: Working paper
Lenguaje:English
Publicado: Department of Economics (University of Oxford) 2009