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No 1074:
Comparisons of Ambiguous Experiments

Tristan Tomala () and Fabien Gensbittel ()

Abstract: An ambiguous statistical experiment is a set of joint probability distributions over states and signals. This note compares ambiguous experiments from the point of view of an ambiguity averse decision maker and extends the Blackwell (1951, 1953) ordering to this setting.

Keywords: experiments; value of information; multiple priors; maximin; rectangularity; (follow links to similar papers)

JEL-Codes: C72; (follow links to similar papers)

11 pages, January 5, 2015

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