A new double-applied behavioral preference defines ambiguity prudence, and prudence is equivalent to positive third derivatives of the capacity in CEU, the dual conjugate in divergence preferences, and the attitude function in smooth ambiguity.
Title resolution pending
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
q-fin.RM 1years
2025 1verdicts
CONDITIONAL 1representative citing papers
citing papers explorer
-
Higher-Order Ambiguity Attitudes
A new double-applied behavioral preference defines ambiguity prudence, and prudence is equivalent to positive third derivatives of the capacity in CEU, the dual conjugate in divergence preferences, and the attitude function in smooth ambiguity.