among elites (i.e., experts) with uncertain biases and non-elites with no bias in each period. The focus is on the … the uncertainty regarding preference heterogeneity among experts. I show that its effect on the emergence of populism is … different depending on the type of the uncertainty. In particular, an increase in risk and in ambiguity (i.e., Knightian …

Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …

stochastically dominated options. This, we believe, provides the best available alternative among decision theories of risk at the … Becker paradox and the St. Petersburg paradox. -- Decision making under risk ; Composite Prelec probability weighting …

probabilities, and (3) are ambiguity non-neutral. By decomposing ambiguity into risk and model uncertainty, and jointly eliciting …