We provide a model of decision making under uncertainty in which the decision maker reacts to imprecision of the … notions of comparative aversion to imprecision of the data as well as traditional notions of risk aversion. Interestingly, the … study of comparative aversion to imprecision can be done independently of the utility function, which embeds risk attitudes …

under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an … that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for …

under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an … that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for …

experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …In real world financial markets, dividend processes as well as fundamental values are governed by imprecision; neither …, we do not find any significant imprecision premia for imprecise probabilities. However, we do find significant and …

both imprecision and sets in the design process by focusing on incrementally eliminating decision alternatives until a … set-based nature of design and the presence of imprecision are introduced, elimination criteria are discussed, and the …

about information endowment, we show that imprecision can reduce strategic withholding but always decreases firm value. We … then examine plausible environments under which, by contrast, there is an optimal level of imprecision featuring coarseness …

experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …In real world financial markets, dividend processes as well as fundamental values are governed by imprecision; neither …, we do not find any significant imprecision premia for imprecise probabilities. However, we do find significant and …