This paper experimentally investigates how fair value measurements of financial instruments affect the decision of … decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe …

Research has long documented how different forms of uncertainty, namely risk and ambiguity, influence decision making … research has demonstrated the importance of source within the risk domain, our study provides the first exploration of social … differs across three different uncertainty environments: risk, low ambiguity, high ambiguity. We find strong correlations …

In prosocial decisions, decision-makers face interpersonal uncertainty - uncertainty about how their choices impact …

propose a novel decision-making theory, the action-hesitancy model, aimed at articulating a non-consequentialist alternative …Neoclassical and behavioral economics rest on consequentialist maximization models of decision-making. This approach … clarity when making a decision. When hesitant, they seek new information in order to transform the appraisal of their …

weak preference ordering. For choice under risk (resp. uncertainty), preferences are assumed to be represented by the … objectively (resp. subjectively) expected value of a von Neumann-Morgenstern utility function. For choice under risk, this implies … concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and …

presented provides an ability to evaluate sustainable withdrawal rates and exposure to sequence risk together …

This paper investigates the effect of ambiguity on personal vaccination decision. We first characterize the vaccination … decision in the absence of ambiguity. We then show that uncertainty about the probability of side effects and the efficacy of …

utility under a nonlinear expectation, and show monotonicity and continuity of utility. Risk aversion is characterized, and …