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Attitudes towards uncertainty and randomization : an experimental study

Dominiak, Adam - 2009

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

Persistent link: https://www.econbiz.de/10003916450

A dynamic Ellsberg urn experiment

Dominiak, Adam; Dürsch, Peter; Lefort, Jean-Philippe - 2009

Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory: dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by updated preferences. Consequentialism states that...

Persistent link: https://www.econbiz.de/10003874793

Do preference reversals generalise? : results on ambiguity and loss aversion

Ball, Linden J.; Bardsley, Nicholas; Ormerod, Tom - In: Journal of economic psychology : research in economic … 33 (2012) 1, pp. 48-57

Persistent link: https://www.econbiz.de/10009488979

On one definition of uncertainty ; Yaroslav Ivanenko and Illia Pasichnichenko

Ivanenko, Yaroslav; Pasichnichenko, Illia - In: Risk and decision analysis 5 (2014) 2/3, pp. 139-148

Persistent link: https://www.econbiz.de/10011285059

Time and no lotteries : an axiomatization of maxmin expected utility

Kochov, Asen - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 1, pp. 239-262

Persistent link: https://www.econbiz.de/10011338366

First-order and second-order ambiguity aversion

Lang, Matthias - 2015

differences lies in the dichotomy between first-order and second-order ambiguity aversion which I define here. My definition and …-order ambiguity aversion a positive exposure to ambiguity is optimal if and only if there is a subjective belief such that the actś … expected outcome is positive. With first-order ambiguity aversion, zero exposure to ambiguity can be optimal. Examples in …

Persistent link: https://www.econbiz.de/10011349377