- Abstract:
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We investigate what it means for one act to be more ambiguous than another. The question is evidently analogous to asking what makes one prospect riskier than another, but beliefs are neither objective nor representable by a unique probability. Our starting point is an abstract class of preferences constructed to be (strictly) partially ordered by a more ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act makes an am...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Version:
- Accepted Manuscript
- Files:
-
-
(pdf, 410.1KB)
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- Publisher copy:
- 10.1016/j.jet.2017.07.001
-
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- Publisher:
- Elsevier Publisher's website
- Journal:
- Journal of Economic Theory Journal website
- Volume:
- 171
- Pages:
- 213-267
- Publication date:
- 2017-07-18
- Acceptance date:
- 2017-07-09
- DOI:
- ISSN:
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0022-0531
- Pubs id:
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pubs:708018
- URN:
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uri:9503952b-9729-488d-ade5-1585b934eecf
- UUID:
-
uuid:9503952b-9729-488d-ade5-1585b934eecf
- Local pid:
- pubs:708018
- Copyright holder:
- Crown Copyright
- Copyright date:
- 2017
- Notes:
-
Crown Copyright © 2017 Published by Elsevier Inc. This is the accepted manuscript version of the article. The final version is available online from Elsevier at: https://doi.org/10.1016/j.jet.2017.07.001
Journal article
Ordering ambiguous acts
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