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The impact of ambiguity on hea...
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Villeval, Marie Claire
5
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3
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3
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2
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742
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723
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690
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475
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42
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PSE - Labex "OSE-Ouvrir la Science Economique"
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RePEc
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1
Reforming incentive schemes under political constraints: The physician agency
Demange, Gabrielle
;
Geoffard, Pierre Yves
-
HAL
-
2006
In many developed countries attempts to reform physicians payment schemes have failed. To analyze some of the difficulties, this paper studies reforms of payment schemes in situations such as the physician agency, where the quality of the good produced is imperfectly observable by the payer. We...
Persistent link: https://www.econbiz.de/10008923086
Saved in:
2
Crisp Fair Gambles
André, Eric
-
HAL
-
2014
Axiomatic models of decision under
ambiguity
with a non-unique prior allow for the existence of Crisp Fair Gambles …: acts whose expected
utility
is nul whichever of the priors is used. But, in these models, the DM has to be indifferent to …
Persistent link: https://www.econbiz.de/10010933812
Saved in:
3
Ambiguity
as a Source of Temptation: Modeling Unstable Beliefs
Lapied, André
;
Rongiconi, Thomas
-
HAL
-
2013
linear costs of Self-Control. In this paper we extend this theory to situations in which a decision-maker faces
ambiguity
. We … order to take into account individual attitudes towards
ambiguity
in the second period. …
Persistent link: https://www.econbiz.de/10010933870
Saved in:
4
Optimal Portfolio with Vector Expected
Utility
André, Eric
-
HAL
-
2013
We study the optimal portfolio selected by an investor who conforms to Siniscalchi (2009)'s Vector Expected
Utility
…'s (VEU) axioms and who is
ambiguity
averse. To this end, we derive a mean-variance preference generalised to
ambiguity
from … to
ambiguity
in the VEU framework. Our criterion has attractive features: it is axiomatically well-founded and …
Persistent link: https://www.econbiz.de/10010933927
Saved in:
5
Stochastic orderings with respect to a capacity and an application to a financial optimization problem
Grigorova, Miryana
-
HAL
-
2011
In an analogous way to the classical case of a probability measure, we extend the notion of an increasing convex (concave) stochastic dominance relation to the case of a normalised monotone (but not necessarily additive) set function also called a capacity. We give different characterizations of...
Persistent link: https://www.econbiz.de/10009246902
Saved in:
6
Stochastic dominance with respect to a capacity and risk measures
Grigorova, Miryana
-
HAL
-
2011
Pursuing our previous work in which the classical notion of increasing convex stochastic dominance relation with respect to a probability has been extended to the case of a normalised monotone (but not necessarily additive) set function also called a capacity, the present paper gives a...
Persistent link: https://www.econbiz.de/10009368022
Saved in:
7
Comment on Ellsberg's two-color experiment, portfolio inertia and
ambiguity
Higashi, Youichiro
;
Mukerji, Sujoy
;
Takeoka, Norio
; …
-
HAL
-
2008
The final step in the proof of Proposition 1 (p.311) of Mukerji and Tallon (2003) may not hold in generalbecause $\varepsilon0$ in the proof cannot be chosen independently of $w,z$. We point out by a counterexample that the axioms they impose are too weak for Proposition 1. We introduce a...
Persistent link: https://www.econbiz.de/10010750607
Saved in:
8
Intergenerational Attitudes Towards Strategic Uncertainty and Competition: A Field Experiment in a Swiss Bank
Madiès, Thierry
;
Villeval, Marie Claire
;
Wasmer, Malgorzata
-
HAL
-
2013
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
Persistent link: https://www.econbiz.de/10010899002
Saved in:
9
Ambiguity
on audits and cooperation in a public goods game
Dai, Zhixin
;
Hogarth, Robin M.
;
Villeval, Marie Claire
-
HAL
-
2014
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010899359
Saved in:
10
A Field Study of Chinese Migrant Workers' Attitudes toward Risks, Strategic Uncertainty, and Competitiveness
Hao, Li
;
Houser, Daniel
;
Mao, Lei
;
Villeval, Marie Claire
-
HAL
-
2014
,
ambiguity
, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences … from non-migrants in risk and
ambiguity
preferences elicited using pairs of lotteries ; however, migrants are significantly …
Persistent link: https://www.econbiz.de/10010899744
Saved in:
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