Huo, Zhen <br/><br/>
Bias and Sensitivity under Ambiguity 

 -  American Economic Review  2024 
 - 4091-4133 
<br/><br/> This paper characterizes the effects of ambiguity aversion under dispersed information. The equilibrium outcome is observationally equivalent to a Bayesian forecast of the fundamental with increased sensitivity to signals and a pessimistic bias. This equi 
<br/><br/><label>ISSN: </label>0002-8282 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Business Fluctuations<br/> Decision-Making under Risk and Uncertainty<br/> Forecasting and Simulation<br/>Price Level