attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …

attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …

Many studies document failures of expected utility’s key assumption, the independence axiom. Here, we show that … revealed preference experiment, and without making any parametric assumptions, we show that 1/3 of participants belong in the …

cannot be accounted for by any noise or utility specification within the universe of random utility models. …

violations reflect nontransitive preferences. These violations cannot be accounted for by any noise or utility specification … within the universe of random utility models. Finally, in spite of revealed transitivity violations, preferences estimated … through our method predict choices out of sample better than standard parametric random-utility estimations. …

problems by priming financial professionals with either a boom or a bust scenario and by subsequently measuring their risk …