Eliciting ambiguous beliefs using constructed ambiguous acts: Alpha-maxmin
针对α-maxmin模型中偏好参数α干扰信念观测的问题,提出通过构造模糊行为来完全识别模型,从而引出主体的主观模糊信念。
We elicit subjective ambiguous beliefs of an agent with ambiguity-sensitive preferences; in particular, as represented by the α-maxmin model. An important problem with the model is that it cannot be identified using observations from typical choice problems, as the preference parameter α confounds observation of beliefs. Our main conceptual contribution is to show that the model can in fact be fully identified by using constructed ambiguous acts to elicit α.