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Hill, Brian - 2019

Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion …

Persistent link: https://www.econbiz.de/10012266826

Foundations of ambiguity models under symmetry : α-MEU and smooth ambiguity

Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021 - This Version: January 13, 2021

The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the …

Persistent link: https://www.econbiz.de/10012422419

Chapter 4. Decision Theoretic Approaches to Experiment Design and External Validity

Banerjee, A.V.; Chassang, S.; Snowberg, E. - 2017

A modern, decision-theoretic framework can help clarify important practical questions of experimental design. Building on our recent work, this chapter begins by summarizing our framework for understanding the goals of experimenters and applying this to rerandomization. We then use this...

Persistent link: https://www.econbiz.de/10014023425

Decision Making Using Behavioral Finance for Capital Budgeting

Biondi, Yuri - 2012

The accepted approach to capital budgeting leaves decision makers without appropriate guidance because it ignores the cognitive, organizational, and institutional dimensions of their decision-making process. This approach is based upon the unrealistic assumptions of neoclassical finance, where...

Persistent link: https://www.econbiz.de/10013115549

Analyzing framing effecty by an experiment among students in Turkey

Kamilçelebi, Hatime; Ünal, Emre - 2014

This study investigates the framing effect of experiments that conducted among students. The main aim of this work is to show the results of an experiment conducted in Turkey how could affect behavior of subjects who were students in banking and insurance business studies department. By...

Persistent link: https://www.econbiz.de/10010460138

Entscheidungskalküle jenseits des subjektiven Erwartungsnutzens

Lindstädt, Hagen - Institut für Angewandte Betriebswirtschaftslehre, … - 2004

Ausgangspunkt sind die bekannten empirischen Verstöße gegen Axiome der Bernoulli-Rationalität und die Diskussion um seine präskriptive Ausschließlichkeit. Der Beitrag teilt Nichterwartungsnutzenkalküle in Kategorien ein, die sich für eine Modellierung unterschiedlicher Arten von...

Persistent link: https://www.econbiz.de/10009005121

Ordering ambiguous acts

Jewitt, Ian; Mukerji, Sujoy - 2017

ambiguity averse relation. First, we define two notions of more ambiguous with respect to such a class. A more ambiguous (I) act … makes an ambiguity averse decision maker (DM) worse off but does not affect the welfare of an ambiguity neutral DM. A more … ambiguous (II) act adversely affects a more ambiguity averse DM more, as measured by the compensation they require to switch …

Persistent link: https://www.econbiz.de/10011694759

Symmetry axioms and perceived ambiguity

Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017

between the set of relevant measures, shown by KMS [21] to reflect only perceived ambiguity, and the set of measures (which we … perceived ambiguity. Regarding symmetry assumptions, we show that, under relatively mild conditions, a variety of preference … stringent. Only when it is satisfied may the Bewley set be interpreted as reflecting only perceived ambiguity and not also taste …

Persistent link: https://www.econbiz.de/10011694779

Risk, ambiguity, and misspecification : decision theory, robust control, and statistics

Hansen, Lars Peter; Sargent, Thomas J. - In: Journal of applied econometrics 39 (2024) 6, pp. 969-999

Persistent link: https://www.econbiz.de/10015156812

Ambiguity revealed

Bose, Subir; Polisson, Matthew; Renou, Ludovic - 2012

Persistent link: https://www.econbiz.de/10009545824