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.
Takashi Ideno +2 more
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 Hayden +2 more
exaly +4 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
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
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
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 eLi +8 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
Acute stress affects risk taking but not ambiguity aversion [PDF]
Frontiers in Neuroscience, 2014 Economic decisions are often made in stressful situations (e.g., at the trading floor), but the effects of stress on economic decision making have not been systematically investigated so far.
Magdalena eBuckert +6 more
doaj +2 more sources
Comparing descriptive and theoretical models of decision-making under uncertainty and their relation to socioeconomic factors. [PDF]
PLoS ONEThis study examines the selection and validation of measurement models for decision-making under uncertainty, with particular emphasis on the integration of socioeconomic contexts in these models. We critically compared four distinct models, differing in
Brendan Lam +3 more
doaj +2 more sources
Ambiguity aversion and household portfolio choice puzzles: Empirical evidence [PDF]
Journal of Financial Economics, 2016 Roy Kouwenberg +2 more
exaly +2 more sources