Showing 1 - 10 of 1,632
Persistent link: https://www.econbiz.de/10010462129
This paper focuses on decisions under ambiguity. Participants in a laboratory experiment made decisions in three … three. We show that groups are more likely to make ambiguity-neutral decisions than individuals, and that individuals make … more ambiguity-neutral decisions after discussing the decisions with others. This shift toward higher ambiguity neutrality …
Persistent link: https://www.econbiz.de/10010776756
Improper agricultural practices can affect ground water through leaching, surface water through runoff, algae infestations, deforestation, and air quality through burning operations and ammonia emissions. These effects may be mitigated through the institution of best management practices. The...
Persistent link: https://www.econbiz.de/10010997950
Subjective expected utility theory does not distinguish between attitudes toward uncertainty (ambiguous probabilities) and attitudes toward risk (unambiguous probabilities). Both are explained in terms of nonlinear utility for money rather than properties of events per se, hence, the decision...
Persistent link: https://www.econbiz.de/10009204259
Persistent link: https://www.econbiz.de/10010196965
We provide a model of decision making under uncertainty in which the decision maker reacts to imprecision of the … notions of comparative aversion to imprecision of the data as well as traditional notions of risk aversion. Interestingly, the … study of comparative aversion to imprecision can be done independently of the utility function, which embeds risk attitudes …
Persistent link: https://www.econbiz.de/10005696846
under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an … that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for …
Persistent link: https://www.econbiz.de/10010711859
under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an … that aims at separating attitudes toward risk, imprecision and conflict and at determining if there is a demand for …
Persistent link: https://www.econbiz.de/10010635162
Persistent link: https://www.econbiz.de/10012620973
into account the ambiguity of verbal interactions in learning processes. To this aim, we revise and fuzzify a classical …
Persistent link: https://www.econbiz.de/10008568505