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A test of mechanical ambiguity
Oechssler, Joerg; Roomets, Alex - 2013
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The … experimenters’ motivations. In addition, we survey 40 experimental studies on Ellsberg’s two- and three-color problems, and find that …
Persistent link: https://www.econbiz.de/10010360878
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A Test of Mechanical Ambiguity
Oechssler, Jörg; Roomets, Alex - 2014
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The … experimenters’ motivations. In addition, we survey 40 experimental studies on Ellsberg’s two- and three-color problems, and find that …
Persistent link: https://www.econbiz.de/10011422264
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Randomize at your own risk : on the observability of ambiguity aversion
Baillon, Aurélien; Halevy, Yoram; Chen, Li - 2021
Persistent link: https://www.econbiz.de/10012665194
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Intuition and reasoning in choosing ambiguous and risky lotteries
Bergheim, Ralf; Roos, Michael W. M. - 2013
choice between risky and ambiguous Ellsberg urns, we let them choose between a safe option and a risky lottery, whose risk is … processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …
Persistent link: https://www.econbiz.de/10010188142
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
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Polarization and ambiguity
Baliga, Sandeep; Hanany, Eran; Klibanoff, Peter - 2013
We offer a theory of polarization as an optimal response to ambiguity. Suppose individual A's beliefs first-order stochastically dominate individual B's. They observe a common signal. They exhibit polarization if A's posterior dominates her prior and B's prior dominates her posterior. Given...
Persistent link: https://www.econbiz.de/10010352846
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Symmetry axioms and perceived ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017
making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff …
Persistent link: https://www.econbiz.de/10011927996
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Symmetry axioms and perceived ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017
making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff …
Persistent link: https://www.econbiz.de/10011694779
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Polarization and Ambiguity
Baliga, Sandeep; Hanany, Eran; Klibanoff, Peter - Center for Mathematical Studies in Economics and … - 2013
We offer a theory of polarization as an optimal response to ambiguity. Suppose individual A's beliefs first-order stochastically dominate individual B's. They observe a common signal. They exhibit polarization if A's posterior dominates her prior and B's prior dominates her posterior. Given...
Persistent link: https://www.econbiz.de/10010607482
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Intuition and Reasoning in Choosing Ambiguous and Risky Lotteries
Bergheim, Ralf; Roos, Michael W. M. - 2013
choice between risky and ambiguous Ellsberg urns, we let them choose between a safe option and a risky lottery, whose risk is … processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 … Blickwinkel zu betrachten. Anders als in der bestehenden Literatur ist der Grad an Unsicherheit in diesem Experiment endogen und …
Persistent link: https://www.econbiz.de/10010331335