Hard-to-Interpret Signals

• 成果类型: Article
• 署名作者: Epstein, Larry G.; Halevy, Yoram
• 署名单位: McGill University; University of Toronto; Hebrew University of Jerusalem; Hebrew University of Jerusalem
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvad062
• 发表日期: 2024
• 页码: 393-427
• 关键词: expected utility; ambiguity; preferences; uncertainty; RISK; INFORMATION; Ellsberg; MARKET; RULE

摘要

Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual's attitude toward such uncertainty.