Discriminating between models of ambiguity attitude: a qualitative test
The exchange between Epstein (2010) and Klibanoff et al. (2012) identified a behavioral issue that sharply distinguishes between two classes of models of ambiguity sensitivity, exemplified by the ?-MEU model and the smooth ambiguity model, respectively. The issue in question is whether a subject
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| Format: | Working paper |
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University of Oxford
2014
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