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See Lo (2000), Economic Theory if you are talking about the Knightian Uncertainty. [View full text and thread]
07/16/2005 03:39 PM by Anmol Ratan; Research in ambiguity | What is the current state of reserch in ambiguity in decision making for auctions? Has anyone looked formally into issues that drive bidder behavior when the assurance of symmetry is ambiguous? Following maskin and riley's (2000) work on bidder asymmetry,what can be said if bidder asymmetry is introduced with ambiguity.(low probability chances of assymetry). [Manage messages]
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