Similar Search Results

Does exposure to unawareness affect risk preferences? : a preliminary result

Ma, Wenjun; Schipper, Burkhard - 2016

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose repeatedly between varying sure outcomes and a lottery in...

Persistent link: https://www.econbiz.de/10011478981

Does exposure to unawareness affect risk preferences? : a preliminary result

Ma, Wenjun; Schipper, Burkhard - 2017

Persistent link: https://www.econbiz.de/10011764847

Awareness-dependent subjective expected utility

Schipper, Burkhard - 2011 - This Version: December 21, 2011

We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and...

Persistent link: https://www.econbiz.de/10009542461

Predicting the unpredictable under subjective expected utility

Schipper, Burkhard - 2024 - This Version: March 2, 2024

We consider a decision maker who is unaware of objects to be sampled and thus cannot form beliefs about the occurrence … of particular objects. Ex ante she can form beliefs about the occurrence of novelty and the frequencies of yet to be … known objects. Conditional on any sampled objects, she can also form beliefs about the next object being novel or being one …

Persistent link: https://www.econbiz.de/10015069541