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.
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| Format: | Journal article |
| Language: | English |
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American Economic Association
1998
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| _version_ | 1797098475159027712 |
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| author | Mukerji, S |
| author_facet | Mukerji, S |
| author_sort | Mukerji, S |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T05:10:05Z |
| format | Journal article |
| id | oxford-uuid:db411ab0-a3eb-4c16-9a2c-7f5343b09a75 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:10:05Z |
| publishDate | 1998 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | oxford-uuid:db411ab0-a3eb-4c16-9a2c-7f5343b09a752022-03-27T09:09:15ZAmbiguity aversion and incompleteness of contractual form.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:db411ab0-a3eb-4c16-9a2c-7f5343b09a75EnglishDepartment of Economics - ePrintsAmerican Economic Association1998Mukerji, SSubjective 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. |
| spellingShingle | Mukerji, S Ambiguity aversion and incompleteness of contractual form. |
| title | Ambiguity aversion and incompleteness of contractual form. |
| title_full | Ambiguity aversion and incompleteness of contractual form. |
| title_fullStr | Ambiguity aversion and incompleteness of contractual form. |
| title_full_unstemmed | Ambiguity aversion and incompleteness of contractual form. |
| title_short | Ambiguity aversion and incompleteness of contractual form. |
| title_sort | ambiguity aversion and incompleteness of contractual form |
| work_keys_str_mv | AT mukerjis ambiguityaversionandincompletenessofcontractualform |