Bayesian learning with multiple priors and nonvanishing ambiguity

DOI10.1007/s00199-016-1007-yzbMath1398.91218OpenAlexW2254990234MaRDI QIDQ683822

Alexander Zimper, Wei Ma

Publication date: 9 February 2018

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

Full work available at URL: http://www.up.ac.za/media/shared/61/WP/wp_2015_35.zp57405.pdf

zbMATH Keywords

Bayesian learningambiguityKullback-Leibler divergenceEllsberg paradoxBerk's theoremmisspecified priors

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (4)

Unrealized arbitrage opportunities in naive equilibria with non-Bayesian belief processes ⋮ Ambiguous implementation: the partition model ⋮ Speculative trade under ambiguity ⋮ Incentive contracting under ambiguity aversion

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