Children do not exhibit ambiguity aversion despite intact familiarity bias [PDF]
Frontiers in Psychology, 2015 The phenomenon of ambiguity aversion, in which risky gambles with known probabilities are preferred over ambiguous gambles with unknown probabilities, has been thoroughly documented in adults but never measured in children.
Rosa Li +2 more
exaly +4 more sources
Are ambiguity aversion and ambiguity intolerance identical?: A neuroeconomics investigation. [PDF]
Frontiers in Psychology, 2015 In recent years, there has been growing interest in understanding a person’s reaction to ambiguous situations, and two similar constructs related to ambiguity, ambiguity aversion and ambiguity intolerance, are defined in different disciplines.
Yusuke eTanaka +15 more
doaj +6 more sources
Covid-19 outbreak, ambiguity aversion, and macroeconomic expectations [PDF]
China Economic Quarterly International, 2023 How will the outbreak of Covid-19 affect people's expectations on the macroeconomy? We conduct an online experiment in China to investigate the relationship between ambiguity aversion, risk aversion, and expectations about the macroeconomy after the ...
King King Li, Bo Huang
doaj +2 more sources
Cumulative lifetime stressor exposure assessed by the STRAIN predicts economic ambiguity aversion [PDF]
Nature Communications, 2022 Uncertainty is inherent in most decisions humans make. Economists distinguish between two types of decision-making under non-certain conditions: those involving risk (i.e., known outcome probabilities) and those that involve ambiguity (i.e., unknown ...
Candace M. Raio +5 more
doaj +2 more sources
Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion. [PDF]
PLoS ONE, 2020 Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiquitous phenomenon. While in some cases ambiguity aversion is an adaptive strategy, in many situations it leads to suboptimal decisions, as illustrated by ...
Ruonan Jia +4 more
doaj +2 more sources
Ambiguity aversion: bibliometric analysis and literature review of the last 60 years [PDF]
Management Review Quarterly, 2021 Christoph Bühren, Marco Plessner
exaly +4 more sources
Ambiguity aversion in rhesus macaques [PDF]
Frontiers in Neuroscience, 2010 People generally prefer risky options, which have fully specified outcome probabilities, to ambiguous options, which have unspecified probabilities.
Benjamin eHayden +2 more
doaj +2 more sources
The optimal insurance demand under an ambiguity aversion [PDF]
Journal of Derivatives and Quantitative Studies, 2022 This study investigates insurance demand in a two-period model when a decision-maker (DM) is averse to the ambiguity of loss distributions. This study derives sufficient conditions such that the ambiguity-averse DM purchases more insurance than an ...
Jimin Hong
exaly +2 more sources
Ambiguity, ambiguity aversion and stores of value: The case of Argentina
Cogent Economics & Finance, 2014 We study the household portfolio allocation in an economy with a history of nominal anchor volatility. Applying smooth ambiguity preferences to a static portfolio choice problem, we rationalize two facts about the Argentine experience of the last 20 ...
Eduardo Ariel Corso
doaj +3 more sources
The Neurobase of ambiguity loss aversion about decision making [PDF]
Frontiers in Psychology, 2023 In our daily decision-making, there are two confusing problems: risk and ambiguity. Many psychological studies and neuroscience studies have shown that the prefrontal cortex (PFC) is an important neural mechanism for modulating the human brain in risk ...
Yiqin Hu +9 more
doaj +2 more sources