Second-Order Representations: A Bayesian Approach
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More about this item
Keywords
Ambiguity Aversion and Seeking; Ellsberg Paradox; Second-Order Belief; Probabilistic Sophistication; Bayesian Updating; Compound Risk JEL Classifications: D81; D83;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DCM-2024-03-04 (Discrete Choice Models)
- NEP-MIC-2024-03-04 (Microeconomics)
- NEP-RMG-2024-03-04 (Risk Management)
- NEP-UPT-2024-03-04 (Utility Models and Prospect Theory)
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