Results 81 to 90 of about 275,539 (212)
We derive necessary and sufficient conditions for data sets composed of state-contingent prices and consumption to be consistent with two prominent models of decision making under uncertainty: variational preferences and smooth ambiguity. The revealed preference conditions for subjective expected utility, maxmin expected utility, and multiplier ...
Bayer, Ralph-C +3 more
openaire +3 more sources
Learning Under Ambiguity [PDF]
This paper considers learning when the distinction between risk and ambiguity (Knightian uncertainty) matters. Working within the framework of recursive multiple-priors utility, the paper formulates a counterpart of the Bayesian model of learning about ...
Larry Epstein, Martin Schneider
core
Is multilingualism linked to a higher tolerance of ambiguity?
The present study investigates the link between multilingualism and the personality trait Tolerance of Ambiguity (TA) among 2158 mono-, bi- and multilinguals. Monolinguals and bilinguals scored significantly lower on TA compared to multilinguals.
Li, Wei, Dewaele, Jean-Marc
core +1 more source
Ambiguity Aversion and Cost-Plus Procurement Contracts [PDF]
This paper presents a positive theory about the contractual form of procurement contracts under cost uncertainty. While the cost of manufacture is uncertain it can be controlled, to an extent depending on the effort exerted by the agent.
Sujoy Mukerji
core
We consider a principal-agent model with moral hazard where the agent’s knowledge about the performance measure is ambiguous and he is averse towards ambiguity.
Weinschenk, Philipp 1979-
core
Ambiguity, Efficieny and Bank Bailouts [PDF]
The paper examines the effects of ambiguity in regulation on the equilibrium allocation. Under ambiguous bailout policy, agents’ suffer from a lack of information with regards to the insolvency resolution method, which would be chosen by the regulator if
Dmitri V. Vinogradov
core
Corrigendum: Probing auditory scene analysis
Susann eDeike +4 more
doaj +1 more source
CONVERTER FROM SPANISH TO NATURAL SEMANTIC METALANGUAGE
The aim of this project is to develop a program able to convert a subset of Spanish words to Natural Semantic Metalanguage vocabulary. This metalanguage is free of ambiguities, it is formed with simple concepts and has a reduced vocabulary, making it
León Enrique Verdín-Armenta +1 more
doaj
Prompts and Large Language Models: A New Tool for Drafting, Reviewing and Interpreting Contracts?
The rise of Large Language Models (LLMs) in the field of generative AI and the practice of designing inputs (prompts) to drive optimal outputs for these models are transforming legal practice.
Brydon T Wang
doaj +1 more source

