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High ambiguity - PowerPoint PPT Presentation

Next: Savage/Ellsberg/ Klibanoff et al./Snow

Foundations of Statistics Risk, Ambiguity, and the Savage Axioms A Smooth Model of Decision Making under Ambiguity On the possibility of profitable self-selection contracts in competitive insurance markets. Next: Savage/Ellsberg/ Klibanoff et al./Snow. Ellsberg Definitions.

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High ambiguity - PowerPoint PPT Presentation

Next: Savage/Ellsberg/ Klibanoff et al./Snow