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文章基本信息

  • 标题:Eliciting Ambiguous Beliefs Under alpha-Maxmin Preference
  • 本地全文:下载
  • 作者:Subir Bose ; Arup Daripa
  • 期刊名称:Discussion Papers / University of Leicester, Department of Economics
  • 出版年度:2016
  • 出版社:Leicester
  • 摘要:

    We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent’s preference exhibits ambiguity aversion; in particular, as represented by α-maxmin preferences. We construct a direct revelation mechanism such that truthful reporting of beliefs is the agent’s unique best response. The mechanism uses knowledge of the preference parameter a and we construct a mechanism that truthfully elicits α. Finally, using the two as ingredients, we construct a grand mechanism that elicits ambiguous beliefs and a concurrently.

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