Seminar by Subir Bose

Palazzo Cà Borin, Via del Santo 22 - 12:00


Eliciting Ambiguous Beliefs (joint with Arup Daripa)

Seminar by Subir Bose, Department of Economics, University of Leicester

We study elicitation of subjective beliefs of an agent when the beliefs are ambiguous (i.e., set of beliefs is a non-singleton set) and the preferences may exhibit ambiguity sensitivity. We consider two of the most widely used models in the literature: alpha-maxmin and smooth ambiguity. We construct direct revelation mechanisms such that truthful reporting is the agent's unique best response. The mechanisms also elicit other aspect of the agent's preferences (the parameter alpha and the function phi).