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Larry G Epstein, Yoram Halevy, Hard-to-Interpret Signals, Journal of the European Economic Association, Volume 22, Issue 1, February 2024, Pages 393–427, https://doi.org/10.1093/jeea/jvad062
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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.
© The Author(s) 2023. Published by Oxford University Press on behalf of European Economic Association.
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