Arbeitspapier
Ambiguity revealed
We derive necessary and sufficient conditions for data sets composed of state-contingent prices and consumption to be consistent with two prominent models of decision making under uncertainty: variational preferences and smooth ambiguity. The revealed preference conditions for subjective expected utility, maxmin expected utility, and multiplier preferences are characterised as special cases. We implement our tests on data from a portfolio choice experiment.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFS Working Papers ; No. W13/05
- Klassifikation
-
Wirtschaft
- Thema
-
ambiguity
expected utility
maxmin
revealed preference
smooth
uncertainty
variational
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bayer, Ralph-C.
Bose, Subir
Polisson, Matthew
Renou, Ludovic
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Fiscal Studies (IFS)
- (wo)
-
London
- (wann)
-
2013
- DOI
-
doi:10.1920/wp.ifs.2013.1305
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bayer, Ralph-C.
- Bose, Subir
- Polisson, Matthew
- Renou, Ludovic
- Institute for Fiscal Studies (IFS)
Entstanden
- 2013
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