On the Smooth Ambiguity Model: A Reply.

On the Smooth Ambiguity Model: A Reply.

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We …find that Epstein (2010)'s Ellsberg-style thought experiments pose, contrary to his claims, no paradox or difficulty for the smooth ambiguity model of decision making under uncertainty developed by Klibanoff, Marinacci and Mukerji (2005). Not only are the thought experiments naturally handl...

書誌詳細
主要な著者:	Mukerji, S, Klibanoff, P, Marinacci, M
フォーマット:	Working paper
言語:	English
出版事項:	Department of Economics (University of Oxford) 2011

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