-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …

This paper proposes a decision-theoretic framework for experiment design. We model experimenters as ambiguity …-averse decision-makers, who make trade-offs between subjective expected performance and robustness. This framework accounts for … sample size is large enough or robustness is an important concern. We illustrate the practical value of such a framework by …

Assessing the robustness of the results of econometric analysis is a long standing subject of lively research. The … that increased attention to influential sets is warranted and comprehensive robustness measures for regression analysis are …

We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is … higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived … baseline mortality risk, and thus operates as the "dead anyway" effect. We suggest, however, that ambiguity aversion should …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

-checking may also increase the ambiguity of politicians' statements. …

avoid ambiguity even when it means choosing dominated options. In contrast to the literature, we find that 55% of subjects … that such a preference is not mainly due to a lack of understanding. We conclude that subjects avoid ambiguity per se … rather than avoiding ambiguity because it may yield a worse outcome. Such behavior cannot be reconciled with existing models …