A Note on Comparative Ambiguity Aversion and Justifiability
研究了在平滑模糊准则下，决策者的模糊厌恶程度如何影响其可辩护行动集合，发现更高的模糊厌恶会扩大该集合，风险厌恶也有类似结论。
We consider a decision maker who ranks actions according to the smooth ambiguity criterion of Klibanoff, Marinacci, and Mukerji (2005). An action is justifiable if it is a best reply to some belief over probabilistic models. We show that higher ambiguity aversion expands the set of justifiable actions. A similar result holds for risk aversion. Our results follow from a generalization of the duality lemma of Wald (1949) and Pearce (1984). [web URL: http://onlinelibrary.wiley.com/doi/10.3982/ECTA14429/abstract]