Ambiguity Aversion and the absence of indexed debt.
Following the seminal works of Schmeidler (1989), Gilboa and Schmeidler (1989), roughly put, an agentrsquos subjective beliefs are said to be ambiguous if the beliefs may not be represented by a unique probability distribution, in the standard Bayesian fashion, but instead by a set of probabilities....
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Book section |
| Language: | English |
| Published: |
Springer Verlag
2005
|