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    Eliciting ambiguous beliefs using constructed ambiguous acts: Alpha-Maxmin

    Bose, S. and Daripa, Arup (2022) Eliciting ambiguous beliefs using constructed ambiguous acts: Alpha-Maxmin. Journal of Mathematical Economics 103 (102787), ISSN 0304-4068.

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    Abstract

    We elicit subjective ambiguous beliefs of an agent with ambiguity-sensitive preferences; in particular, as represented by the alpha-maxmin model. An important problem with the model is that it cannot be identified using observations from typical choice problems, as the preference parameter alpha confounds observation of beliefs. Our main conceptual contribution is to show that the model can in fact be fully identified by using constructed ambiguous acts to elicit alpha.

    Metadata

    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Arup Daripa
    Date Deposited: 18 Oct 2022 05:17
    Last Modified: 21 May 2024 00:10
    URI: https://eprints.bbk.ac.uk/id/eprint/49443

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