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The effect of temporal distance on attitudes toward imprecise probabilities and imprecise outcomes

Onay, Selcuk; La-Ornual, Dolchai; Önçüler, Ayse - In: Journal of behavioral decision making 26 (2013) 4, pp. 362-374

Persistent link: https://www.econbiz.de/10010196965

Individual attitudes and market dynamics towards imprecision

Huber, Christoph; Rose, Julia - 2019

experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …In real world financial markets, dividend processes as well as fundamental values are governed by imprecision; neither …, we do not find any significant imprecision premia for imprecise probabilities. However, we do find significant and …

Persistent link: https://www.econbiz.de/10012008802

Preferences for "new" treatments diminish in the face of ambiguity

Harrison, Mark; Marra, Carlo A.; Bansback, Nick - In: Health economics 26 (2017) 6, pp. 743-752

Persistent link: https://www.econbiz.de/10011815738

Paying for randomization and indecisiveness

Ong, Qiyan; Qiu, Jianying - In: Journal of risk and uncertainty 67 (2023) 1, pp. 45-72

Persistent link: https://www.econbiz.de/10014334506

Exactly What Happens After the Anscombe-Aumann Race? Representing Preferences in Vague Environments

Vierø, Marie-Louise - 2006

This paper derives a representation of preferences for a choice theory with vague environments; vague in the sense that the agent does not know the precise lotteries over outcomes conditional on states. Instead, he knows only a possible set of these lotteries for each state. Thus, this paper's...

Persistent link: https://www.econbiz.de/10011940708

Communication-enhancing vagueness

Wood, Daniel H. - In: Games 13 (2022) 4, pp. 1-27

I experimentally investigate how vague language changes the nature of communication in a biased strategic information transmission game. Counterintuitively, when both precise and imprecise messages can be sent, in aggregate, senders are more accurate, and receivers trust them more than when only...

Persistent link: https://www.econbiz.de/10013367782

Lying aversion and vague communication : an experimental study

Sun, Keh-Kuan; Papadokonstantaki, Stella - In: European economic review : EER 160 (2023), pp. 1-20

Persistent link: https://www.econbiz.de/10014461508

Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks

Oechssler, Jörg; Roomets, Alex - In: Theory and Decision 90 (2020) 3-4, pp. 405-416

The Savage and the Anscombe–Aumann frameworks are the two most popular approaches used when modeling ambiguity. The …

Persistent link: https://www.econbiz.de/10014503445

Attitudes towards Uncertainty and Randomization: An Experimental Study

Dominiak, Adam; Schnedler, Wendelin - Alfred-Weber-Institut für Sozial- und … - 2009

Individuals exhibit a randomization preference if they prefer random mix-tures of two bets to each of the involved bets. Such preferences provide thefoundation of various models of uncertainty aversion. However, it has to ourknowledge not been empirically investigated whether uncertainty-averse...

Persistent link: https://www.econbiz.de/10009249012

A Dynamic Ellsberg Urn Experiment

Dominiak, Adam; Dürsch, Peter; Lefort, Jean-Philippe - Alfred-Weber-Institut für Sozial- und … - 2009

Two rationality arguments are used to justify the link between condi-tional and unconditional preferences in decision theory: dynamic consistencyand consequentialism. Dynamic consistency requires that ex ante contingentchoices are respected by updated preferences. Consequentialism states...

Persistent link: https://www.econbiz.de/10009249016

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