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Ellsberg re-revisited : an experiment disentangling model uncertainty and risk aversion
Berger, Loic; Bosetti, Valentina - 2016
The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambiguity and compound …
Persistent link: https://www.econbiz.de/10011457763
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Characterizing ambiguity attitudes using model uncertainty
Berger, Loïc; Bosetti, Valentina - In: Journal of economic behavior & organization : JEBO 180 (2020), pp. 621-637
Persistent link: https://www.econbiz.de/10012487473
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Experimental elicitation of ambiguity attitude using the random incentive system
Baillon, Aurélien; Halevy, Yoram; Li, Chen - In: Experimental economics : a journal of the Economic … 25 (2022) 3, pp. 1002-1023
Persistent link: https://www.econbiz.de/10013263517
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Three layers of uncertainty : an experiment
Aydogan, Ilke; Berger, Loic; Bosetti, Valentina; Liu, Ning - 2018 - This version: June, 2018
Persistent link: https://www.econbiz.de/10011920697
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Three layers of uncertainty : an experiment
Aydogan, Ilke; Berger, Loϊc; Bosetti, Valentina; Liu, Ning - 2018
We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...
Persistent link: https://www.econbiz.de/10011862952
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Economic rationality : investigating the links between uncertainty, complexity, and sophistication
Aydogan, Ilke; Berger, Loic; Bosetti, Valentina - 2019 - This Version: October, 2019
Persistent link: https://www.econbiz.de/10012200837
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A theoretical foundation of ambiguity measurement
Izhakian, Yehuda - In: Journal of economic theory 187 (2020), pp. 1-43
Persistent link: https://www.econbiz.de/10012415927
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Portfolio selections for insurers with ambiguity aversion : minimizing the probability of ruin
Liu, Bing; Zhang, Lihong; Zhou, Ming - In: Applied economics 56 (2024) 12, pp. 1423-1439
Persistent link: https://www.econbiz.de/10014471101
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Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory
Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013
Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
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Allais, Ellsberg, and preferences for hedging
Dean, Mark; Ortoleva, Pietro - In: Theoretical economics : TE ; journal of the Econometric … 12 (2017) 1, pp. 377-424
Persistent link: https://www.econbiz.de/10011646036