-dependent choices and loss-aversion. Given that capuchins demonstrate little to no social learning and lack experience with abstract …

-by-state utility deviations from the mean, and rho(d) is a measure of (aversion to) dispersion that corresponds to an uncertainty … premium. The key feature of these mean-dispersion preferences is that they exhibit constant absolute uncertainty aversion … dispersion function rho(dot) correspond to known models, to probabilistic sophistication, and to some new notions of uncertainty …

conditions concerning the structure of uncertainty and preferences, society has an indefinitely large expected loss from high …-making under uncertainty. However, the conditions necessary for the Dismal Theorem to hold are limited and do not apply to a wide …

under this kind of uncertainty, with preferences that satisfy the expected utility hypothesis. Various social welfare … ignore the uncertainty concerning the possible disappearance of the human species in the future. We conclude with some …