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Seven types of ambiguity

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  • John Quiggin

    (School of Economics, University of Queensland, Brisbane, Australia)

Abstract

Reducing ambiguity to a purely technical property of preferences misses much of the insight in Ellsberg’s (1961) paper, as well as in more recent developments in the study of differential awareness. In this paper, syntac- tic approaches to ambiguity are used to illustrate the point that Reducing ambiguity to a purely technical property of preferences misses much of the insight in Ellsberg’s (1961) paper, as well as in more recent developments in the study of differential awareness.

Suggested Citation

  • John Quiggin, 2023. "Seven types of ambiguity," Discussion Papers Series 662, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uq2004:662
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    File URL: https://economics.uq.edu.au/files/44231/662.pdf
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    References listed on IDEAS

    as
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    7. Blume, Lawrence & Easley, David, 1992. "Evolution and market behavior," Journal of Economic Theory, Elsevier, vol. 58(1), pages 9-40, October.
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