Research seminar - Eliciting Ambiguous Beliefs - Subir Bose (University of Leicester)

Eliciting Ambiguous Beliefs

speaker: Subir Bose (University of Leicester)

seminar room, 14.00-15.15

Abstract: 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).