Hard-to-Interpret Signals

Larry Epstein and Yoram Halevy

Working Papers from University of Toronto, Department of Economics

Abstract: Decisions under uncertainty are often made with information that is difficult to interpret 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 towards such uncertainty.

Keywords: Ambiguity; updating; information; experiment (search for similar items in EconPapers)
JEL-codes: C91 D81 D91 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2019-03-31
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Hard-to-Interpret Signals (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-634

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