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Uncertain decisions : bridging theory and experiments

Luini, Luigi (ed.) - 1999

Persistent link: https://www.econbiz.de/10000672399

Measuring ambiguity aversion : a systematic experimental approach ; conference paper

Krahnen, Jan Pieter; Ockenfels, Peter; Wilde, Christian - 2014

high. Attitudes towards risk and attitudes towards ambiguity are disentangled, providing pure measures of ambiguity … aversion. Ambiguity aversion is captured in several ways, i.e. as a discount factor net of a risk premium, and as an estimated … intermediate levels of ambiguity aversion. Moreover, we find risk aversion to be statistically unrelated to ambiguity aversion on …

Persistent link: https://www.econbiz.de/10010489289

Measuring ambiguity preferences : conference paper

Cavatorta, Elisa; Schröder, David - 2014 - This version: February 28, 2014, Preliminary and incomplete

Ambiguity aversion has shown to be economically relevant and has been proposed as an explanation for many phenomena in economics and finance. While the literature has suggested a large variety of elicitation methods to measure ambiguity preferences, their consistency and reliability it is rarely...

Persistent link: https://www.econbiz.de/10010490651

Negotiating environmental agreements under ratification uncertainty : conference paper

Köke, Sonja; Lange, Andreas - 2013 - Work in progress

In this paper we analyze how ratification uncertainty impacts the optimal terms of international environmental agreements (IEAs). We relax the frequent assumption of countries as unitary actors by modeling the ratification stage through uncertain preferences of a ratifying agent (e.g. the...

Persistent link: https://www.econbiz.de/10010339399

Ellsberg games : conference paper

Riedel, Frank; Sass, Linda - 2013 - This version: January 22, 2013

In classic game theory, agents use mixed strategies in the form of objective and probabilistically precise devices to conceal their actions. We introduce the larger set of probabilistically imprecise devices as strategies and study the consequences for the basic results of normal form games....

Persistent link: https://www.econbiz.de/10010342129