dc.contributor.author | Eichberger, Jürgen | |
dc.contributor.author | Grant, Simon | |
dc.contributor.author | Kelsey, David | |
dc.date.accessioned | 2014-06-10T13:22:56Z | |
dc.date.issued | 2012 | |
dc.description.abstract | This paper studies how updating affects ambiguity attitude. In particular we focus on
generalized Bayesian updating of the Jaffray-Philippe sub-class of Choquet Expected Utility
preferences. We find conditions for ambiguity attitude to be the same before and after updating.
A necessary and sufficient condition for ambiguity attitude to be unchanged when updated on
an arbitrary event is for the capacity to be neo-additive. We find a condition for updating
on a given partition to preserve ambiguity attitude. We relate this to necessary and sufficient
conditions for dynamic consistency. Finally, we study whether ambiguity increases or decreases
after updating. | en_GB |
dc.description.sponsorship | Research supported in part by a Leverhulme Research Fellowship. | en_GB |
dc.identifier.citation | Vol. 45, Issue 3, pp. 239 - 263 | en_GB |
dc.identifier.doi | 10.1007/s11166-012-9153-5 | |
dc.identifier.uri | http://hdl.handle.net/10871/14989 | |
dc.language.iso | en | en_GB |
dc.publisher | Springer | en_GB |
dc.relation.url | http://link.springer.com/journal/11166 | en_GB |
dc.subject | Ambiguity | en_GB |
dc.subject | Generalized Bayesian update | en_GB |
dc.subject | Learning | en_GB |
dc.subject | Dynamic consistency | en_GB |
dc.subject | Choquet expected utility | en_GB |
dc.title | When is ambiguity-attitude constant? | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2014-06-10T13:22:56Z | |
dc.identifier.issn | 0895-5646 | |
pubs.declined | 2015-10-07T13:44:07.863+0100 | |
pubs.deleted | 2015-10-07T13:44:07.918+0100 | |
dc.description | Pre-print version. The final publication is available at Springer via http://dx.doi.org/10.1007/s11166-012-9153-5 | en_GB |
dc.identifier.eissn | 1573-0476 | |
dc.identifier.journal | Journal of Risk and Uncertainty | en_GB |