Jaffray's Ideas on Ambiguity

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Abstract: This paper discusses Jean-Yves Jaffray’s ideas on ambiguity and the views underlying his ideas. His models, developed 20 years ago, provide the most tractable separation of risk attitudes, ambiguity attitudes, and ambiguity beliefs available in the literature today.
Original languageEnglish
Pages (from-to)11-22
Number of pages12
JournalTheory and Decision
Issue number1
Publication statusPublished - 2011


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