Evaluating ambiguous random variables from Choquet to maxmin expected utility

DOI10.1016/j.jet.2020.105129zbMath1458.91085OpenAlexW3112915008MaRDI QIDQ1995313

Wolfgang Pesendorfer, Faruk Gul

Publication date: 23 February 2021

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2020.105129

zbMATH Keywords

updatingambiguityresolution of uncertainty

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (7)

Relative maximum likelihood updating of ambiguous beliefs ⋮ Testing negative value of information and ambiguity aversion ⋮ Choquet expected discounted utility ⋮ Ambiguous information and dilation: an experiment ⋮ Updating confidence in beliefs ⋮ Uncertainty and compound lotteries: calibration ⋮ Dynamically consistent objective and subjective rationality

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