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Coelho e Jaime Gregrio Maro/2015 Resumo Texto completo Two Decades of Structural Shifts in the Brazilian Labor Market: assessing the unemployment rate changes through stylized facts on labor supply and labor demand Andre de Queiroz Brunelli Fevereiro/2014 Resumo Texto completo Publicado, como "Comparison of DEA and SFA using Micro- and Macro-Level Perspectives: efficiency of Chinese local banks", em Physica A: Statistical Mechanics and its Applications, Vol. Um Conto de Trs Hiatos: Desemprego, Utilizao da Capacidade Instalada da Indstria e Produto Sergio Afonso Lago Alves e Arnildo da Silva Correa Dezembro/2013 Resumo Texto completo A Tale of Three Gaps: Unemployment, Capacity Utilization and Output (Inglês)Sergio Afonso Lago Alves e Arnildo da Silva Correa Dezembro/2013 Resumo Texto completo Traditional and Matter-of-fact Financial Frictions in a DSGE Model for Brazil: the role of macroprudential instruments and monetary policy Fabia A.

Typical approaches are based on non-additive probabilities, also known as “capacities” (Schmeidler ).

We provide a critical assessment of the ambiguity aversion literature, which we characterize in terms of the view that Ellsberg choices are rational responses to ambiguity, to be explained by relaxing Savage's Sure-Thing principle and adding an ambiguity-aversion postulate.

First, admitting Ellsberg choices as rational leads to behaviour, such as sensitivity to irrelevant sunk cost, or aversion to information, which most economists would consider absurd or irrational.

Maximum-likelihood updating (MLU) is a well-known approach for extending static ambiguity sensitive preferences to dynamic set-ups.

This paper develops an example in which MLU induces an ambiguity averse maxmin expected utility (MEU) decision-maker to (1) prefer a bet on an ambiguous over a risky urn and (2) be more willing to bet on the ambiguous urn compared to an (ambiguity neutral) subjective expected utility (SEU) decision-maker.

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