Navigating Ambiguity: Imprecise Probabilities and the Updating of Disease Risk Beliefs
CSDE Winter 2025 Lecture Jason Kerwin (UW) w/ Divya Pandey (Univ. of Minnesota) Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these “impre-cise probabilities”, also known as ambiguous beliefs. Imprecision is measurable separately from the level of risk beliefs, and higher […]