Friday, October 2, 2026 11:00 am
-
12:00 pm
EDT (GMT -04:00)
Fabio Angelo Maccheroni
Bocconi University
Room: M3 3127
Distributional Analysis of Model Uncertainty
Abstract: We study decision problems in which models of the relevant contingencies are available. Within this class of problems, we examine the relationships among the decision-theoretic frameworks of Marschak-Radner, Savage, and Anscombe-Aumann. We then introduce a distributional approach that unifies the treatment of risk, ambiguity, and model misspecification across all three settings.