Abstract Maximum-likelihood updating (MLU) is a well-known approach for extending static ambiguity sensitive preferences to dynamic set-ups. This paper develops... Read more
ambiguity-aversion
Many insurance contracts are contingent on events such as hurricanes, terrorist attacks or political upheavals, whose probabilities are ambiguous. This... Read more
Abstract Financial crises and contagion have highlighted the need for safe haven assets. However, their existence, role and interactions are... Read more
The answers to “How much should people sacrifice today for the benefit of those living several decades from now?” vary... Read more
