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Epstein (2009) describes three Ellsberg-style thought experiments and argues that they pose di ¢ culties for the smooth ambiguity model of decision making under uncertainty developed by Klibano¤, Marinacci and Mukerji (2005). We revisit these thought experiments and …nd, to the contrary, that they either point to strengths of the smooth ambiguity model compared to other models, such as the maxmin expected utility model (Gilboa and Schmeidler, 1989), or, in the case of one thought experiment, raise criticisms that apply equally to a broad range of current ambiguity models. 1
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