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The Handbook of Rational and Social Choice$
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Paul Anand, Prasanta Pattanaik, and Clemens Puppe

Print publication date: 2009

Print ISBN-13: 9780199290420

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780199290420.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 August 2019

Ambiguity

Ambiguity

Chapter:
(p.113) CHAPTER 4 AMBIGUITY
Source:
The Handbook of Rational and Social Choice
Author(s):

Jürgen Eichberger

David Kelsey (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199290420.003.0005

Ambiguity refers to a decision situation under uncertainty where there is incomplete information about the likelihood of events. Different formal models of this notion have been developed with differing implications the representation of ambiguity and ambiguity aversion.

Keywords:   Choquet expected utility, multiple priors, ambiguity, ambiguity attitude, optimism, pessimism

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