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Rejoinder: The “Ambiguity Aversion Literature: A Critical Assessment”

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  • Al-Najjar, Nabil I.
  • Weinstein, Jonathan

Abstract

The pioneering contributions of Bewley, Gilboa and Schmeidler highlighted important weaknesses in the foundations of economics and game theory. The Bayesian methodology on which these fields are based does not answer such basic questions as what makes beliefs reasonable, or how agents should form beliefs and expectations. Providing the initial impetus for debating these issues is a contribution that will have the lasting value it deserves.

Suggested Citation

  • Al-Najjar, Nabil I. & Weinstein, Jonathan, 2009. "Rejoinder: The “Ambiguity Aversion Literature: A Critical Assessment”," Economics and Philosophy, Cambridge University Press, vol. 25(3), pages 357-369, November.
    • Handle: RePEc:cup:ecnphi:v:25:y:2009:i:03:p:357-369_99
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