A Bayesian model of Knightian uncertainty

DOI10.1007/S11238-013-9404-1MaRDI QIDQ2353253zbMATH OpenOpenAlexFDO

Authors Jonathan Weinstein, Nabil I. Al-Najjar

Publication date 9 July 2015

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL http://irihs.ihs.ac.at/2213/1/es-300.pdf

zbMATH Keywords

Knightian uncertaintyrisk

Mathematics Subject Classification ID

Bayesian problems; characterization of Bayes procedures (62C10) Decision theory (91B06)

Recommendations

• Ambiguity and the Bayesian paradigm
• Intertemporal Asset Pricing under Knightian Uncertainty
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Cites work

• A Bayesian Approach to Uncertainty Aversion
• Maxmin expected utility with non-unique prior

Cited in

(13)

• The paradox of the Bayesian experts and state-dependent utility theory
• Risk, uncertainty, and complexity
• A model of capacity choice under Knightian uncertainty
• On Hurwicz-Nash equilibria of non-Bayesian games under incomplete information
• On the observational implications of Knightian uncertainty
• Uncertainty within economic models. With a foreword by Eric S. Maskin
• De Finetti on the insurance of risks and uncertainties
• Ambiguity and the Bayesian paradigm
• Economics of pessimism and optimism. Theory of Knightian uncertainty and its applications
• Towards a Bayesian theory of second-order uncertainty: lessons from non-standard logics
• Knightian decision theory and econometric inferences
• A Bayesian Approach to Uncertainty Aversion
• Search and Knightian uncertainty

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