Undescribable Contingencies *

Abstract

We develop a model of complex undescribable contingencies. These are contingencies that are understood by economic agents — their consequences and probabilities are known — but are such that every description of such events necessarily leaves out relevant features that have a non-negligible impact on the parties’ expected utilities. Using a simple co… (More)

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Cite this paper

@inproceedings{AlNajjar2003UndescribableC, title={Undescribable Contingencies *}, author={Nabil I. Al-Najjar and Luca Anderlini and Leonardo Felli}, year={2003} }