Describe the intuition underlying kliban off marinacci and, Management Theories

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Describe the intuition underlying kliban off marinacci and

Question: Describe the intuition underlying Kliban off , Marinacci, and Mukerji's (2005) smooth ambiguity-averse preferences. Explain how these smooth preferences can nest both Gilboa and Schmeidler's (1989) max-min type, multiple priors preferences, and the standard subjective expected utility case.

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Management Theories: Describe the intuition underlying kliban off marinacci and

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