Ambiguity aversion and incompleteness of contractual form.

Subjective uncertainty is characterized by ambiguity if the decision maker has an imprecise knowledge of the probabilities of payoff-relevant events. In such an instance, subjective beliefs are better represented by a set of probability functions than by a unique probability function.

書誌詳細
第一著者: Mukerji, S
フォーマット: Journal article
言語:English
出版事項: American Economic Association 1998
その他の書誌記述
要約:Subjective uncertainty is characterized by ambiguity if the decision maker has an imprecise knowledge of the probabilities of payoff-relevant events. In such an instance, subjective beliefs are better represented by a set of probability functions than by a unique probability function.