HARD-TO-INTERPRET SIGNALS

Larry G. Epstein; Yoram Halevy

doi:10.1093/jeea/jvad062

HARD-TO-INTERPRET SIGNALS

Larry G. Epstein, Yoram Halevy

Department of Economics

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

2 Scopus citations

Abstract

Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual’s attitude toward such uncertainty.

Original language	English
Pages (from-to)	393-427
Number of pages	35
Journal	Journal of the European Economic Association
Volume	22
Issue number	1
DOIs	https://doi.org/10.1093/jeea/jvad062
State	Published - 1 Feb 2024

Bibliographical note

Publisher Copyright:
© The Author(s) 2023. Published by Oxford University Press on behalf of European Economic Association. All rights reserved.

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10.1093/jeea/jvad062

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AB - Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual’s attitude toward such uncertainty.

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HARD-TO-INTERPRET SIGNALS

Abstract

Bibliographical note

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