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Aversion to ambiguity and model misspecification in dynamic stochastic environments

Preferences that accommodate aversion to subjective uncertainty and its potential misspecification in dynamic settings are a valuable tool of analysis in many disciplines. By generalizing previous analyses, we propose a tractable approach to incorporating broadly conceived responses to uncertainty....

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Detalles Bibliográficos
Autores principales: Hansen, Lars Peter, Miao, Jianjun
Formato: Online Artículo Texto
Lenguaje:English
Publicado: National Academy of Sciences 2018
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6140537/
https://www.ncbi.nlm.nih.gov/pubmed/30154169
http://dx.doi.org/10.1073/pnas.1811243115