Hard-to-Interpret Signals

Author:

Epstein Larry G1,Halevy Yoram2

Affiliation:

1. Department of Economics, McGill University , Canada

2. Department of Economics, University of Toronto, Canada, and the Bogen Family Department of Economics and the Federmann Center for the Study of Rationality, Hebrew University of Jerusalem , Israel

Abstract

Abstract Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual’s attitude toward such uncertainty.

Publisher

Oxford University Press (OUP)

Subject

General Economics, Econometrics and Finance

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Ambiguous information and dilation: An experiment;Journal of Economic Theory;2023-03

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