We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity … aversion suggest that, under ambiguity, comparative compensation schemes may become more attractive than independent wage … are designed such that under uncertainty about output distributions (that is, under ambiguity), ambiguity averse agents …

averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of … causality. In this paper, we present experimental evidence of causation running from reliance on intuition to risk and ambiguity … lowers the probability of being ambiguity averse by 30 percentage points and increases risk tolerance by about 30 percent in …

We identify the conditions where robust mean–variance preferences, which capture ambiguity aversion, are … observational equivalence holds regardless of the degree of ambiguity aversion. …

We test the implications of ambiguity aversion in a principal–agent problem with multiple agents. Models of ambiguity … aversion suggest that, under ambiguity, comparative compensation schemes may become more attractive than independent wage … are designed such that under uncertainty about output distributions (that is, under ambiguity), ambiguity averse agents …

due to the presence of ambiguity onits second period wealth. This extra precautionary saving motive is naturallyassociated … to the notion of ambiguity prudence. …

We describe an ambiguity hedging problem in Ellsberg experiments, where combinations of individually ambiguous bets … eliminate aggregate ambiguity, and which may yield incorrect classifications of ambiguity averse subjects. We propose a new …

due to the presence of ambiguity concerning his second period wealth. This extra precautionary saving motive is naturally … associated with the notion of ambiguity prudence. …

many well-known models of preferences from the literature on ambiguity. We show what properties of the dispersion function …

axiomatizations. Ambiguity attitude and attitude toward information in general are discussed and characterized. …