Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

they know more about, even when their beliefs are held constant. (They are averse to "ambiguity", or uncertainty about … probability.) We review evidence, recent theoretical explanations, and applications of research on ambiguity and SEU. …

context of ambiguity. These effects are also highly gender-specific with only males being susceptible. To probe the emotional … emotions and risk taking. …

coefficient of relative risk aversion (CRRA) that is commensurate with a 100% investment in the risky asset is simulated. The … following parameters are varied: the riskless return, the market standard deviation, the market stock premium, and the skewness …

, defined as the composition of the investor's attitudes for risk and her attitudes for ambiguity. Bulls and bears are defined …

Under risk, Arrow-Debreu equilibria can be implemented as Radner equilibria by continuous trading of few long … only possible if all discounted net trades of the equilibrium allocation are mean ambiguity-free. …

problem in a semi-closed form by integrating price diffusion ambiguity, volatility diffusion ambiguity, and jump ambiguity … conclusions in both markets: first, price diffusion and jump ambiguity mainly determine detection-error probability; second …, optimal choice is more significantly affected by price diffusion ambiguity than by jump ambiguity, and trivially affected by …

differently than individuals as they rely significantly less on useless outside advice from “experts” and choose the risk … the risk-free investment more often and are slightly more prone to the hot hand belief than groups of two male subjects. …