“…With HPR ambiguity aversion, it is not possible to explicitly solve for the test and test‐treatment thresholds. Nevertheless, using concavity of υ , we can show that
and
(i.e., the demand for imperfect genetic testing decreases with the degree of HPR ambiguity aversion; Sevim & Felder,
2022). The following proposition compares the value of information in the case of HPR ambiguity aversion and EUT.…”