| Přispěvatelé: |
IÉSEG School Of Management [Puteaux], European Institute on Economics and the Environment (EIEE), Centro Euro-Mediterraneo per i Cambiamenti Climatici [Bologna] (CMCC), Lille économie management - UMR 9221 (LEM), Université d'Artois (UA)-Université catholique de Lille (UCL)-Université de Lille-Centre National de la Recherche Scientifique (CNRS), ANR-17-CE03-0008,INDUCED,Intégration de l'incertitude profonde dans la modélisation des changements climatiques(2017), European Project: 101056891,CAPABLE |
| Popis: |
The experimental study of decision-making under uncertainty typically builds on Ellsberg's (1961) setting. Yet, as the total number of balls is known in standard Ellsberg's urns, an implicit constraint is put on the specification of the probability models to consider. In practice, this restricts the ability of Ellsberg's urns to characterize situations going beyond those of model ambiguity. In this note, I present a simple and easy-to-implement device that creates the initial conditions of uncertainty, which constitute a critical prerequisite for the study of model misspecification. |
