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that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for … under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous … situations as inferior. Furthermore, respondents behave differently under imprecision and conflict. They exhibit a preference for …
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This paper addresses the integration of ill-know requirements (imprecision or uncertainty on f quantities or due dates …
Persistent link: https://www.econbiz.de/10010820864
We argue, in the spirit of some of Jean-Yves Jaffray's work, that explicitly incorporating the information, however imprecise, available to the decision marker is relevant, feasible and fruitful. In particular, we show that it can lead us to know whether the decision maker has wrong beliefs and...
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In real world financial markets, dividend processes as well as fundamental values are governed by imprecision; neither … experimental approach, we analyze the impact of risk, imprecision in probabilities (ambiguity), imprecision in outcomes, and a …, we do not find any significant imprecision premia for imprecise probabilities. However, we do find significant and …
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