When does ambiguity fade away?

Filippo Massari; Jonathan Newton

doi:10.1016/j.econlet.2020.109404

When does ambiguity fade away?

Filippo Massari, Jonathan Newton

Research output: Contribution to journal › Article › peer-review

8 Downloads (Pure)

Abstract

the prior support is finite, long-run ambiguity is known to be a possible outcome only if the learning problem is misspecified (Marinacci and Massari, 2019). We show that if the prior support is naturally rich, long-run ambiguity cannot occur.

Original language	English
Article number	109404
Journal	Economics Letters
Volume	194
Early online date	11 Jul 2020
DOIs	https://doi.org/10.1016/j.econlet.2020.109404
Publication status	Published - Sep 2020

Keywords

Ambiguity
Learning
Misspecified learning
Robust statistical decisions

Access to Document

10.1016/j.econlet.2020.109404

Accepted_ManuscriptAccepted author manuscript, 361 KBLicence: CC BY-NC-ND

Cite this

@article{b78635e1810f400d9a322ef8b7250a97,

title = "When does ambiguity fade away?",

abstract = "the prior support is finite, long-run ambiguity is known to be a possible outcome only if the learning problem is misspecified (Marinacci and Massari, 2019). We show that if the prior support is naturally rich, long-run ambiguity cannot occur.",

keywords = "Ambiguity, Learning, Misspecified learning, Robust statistical decisions",

author = "Filippo Massari and Jonathan Newton",

year = "2020",

month = sep,

doi = "10.1016/j.econlet.2020.109404",

language = "English",

volume = "194",

journal = "Economics Letters",