Calendrier du 17 février 2022
Travail et économie publique externe
Du 17/02/2022 de 16:00 à 17:00
Using Zoom
SCHOEFER Benjamin (Berkeley)
Worker Beliefs About Outside Options
écrit avec Simon Jäger MIT, Christopher Roth U Cologne, Nina Roussille LSE
Behavior seminar
Du 17/02/2022 de 11:00 à 12:00
Salle R2.01, Campus Jourdan 75014 Paris
BERGER Loïc (CNRS)
Three layers of uncertainty and the role of model misspecification
We explore decision-making under uncertainty using a framework that decom- poses uncertainty into three distinct layers: (1) risk, which entails inherent ran- domness within a given probability model; (2) model uncertainty, which entails subjective uncertainty about the probability model to be used; and (3) model mis- specification, which entails uncertainty about the presence of the correct probability model among the set of models considered. Using a new experimental design, we measure individual attitudes towards these three layers of uncertainty and examine the role of each of them in characterizing attitudes towards ambiguity. In addition to providing new insights into the underlying processes behind ambiguity aversion, our study provides the first empirical evidence of the role of model misspecification in decision-making under uncertainty.
Behavior Working Group
Du 17/02/2022 de 10:00 à 11:00
Salle R2-21, Campus Jourdan
CHAVEZ Emmanuel (PSE)
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