We survey literature on ambiguity with an emphasis on recent applications in
macroeconomics and finance. Like risk, ambiguity leads to cautious behavior and …

In this paper, we have studied the impact of customer confusion on the decision-making
strategies of Internet service providers (ISP) in the network and telecommunications market …

This article analyses costly information acquisition in asset markets with Knightian
uncertainty about the asset fundamentals. In these markets, acquiring information not only …

We match administrative panel data on portfolio choices with survey data on preferences
over ambiguity. We show that ambiguity averse investors bear more risk, due to a lack of …

We propose discrete time asset trading framework based on quantum probability formalism
that represents well the ambiguity of agents in respect to the fundamental values and price …

We investigate individual investors' decisions under time-varying ambiguity (VVIX) using
plausibly exogenous forced mutual fund liquidations at a German brokerage. Investors …

We study equilibrium trading strategies and market quality in an economy in which
speculators display preferences consistent with Prospect Theory (Kahneman and …

A buyer makes an offer to a privately informed seller for a good of uncertain quality. Quality
determines both the seller's valuation and the buyer's valuation, and the buyer evaluates …

We focus on a typical market anomaly-inactive trading: trading volume shrinks while stock
price abnormally jumps. We calibrate a theoretical model with variance ambiguity …

How will bounded rationality influence telecommunication network fluctuations? Recently,
there has been an increased research interest in telecommunication network pricing, which …