Willingness to Overpay for Insurance and for Consumer Credit: Search and Risk Behavior Under Price Dispersion [PDF]
Expert Journal of Economics, 2014 When income growth under price dispersion reduces the time of search and raises prices of purchases, the increase in purchase price can be presented as the increase in the willingness to pay for insurance or the willingness to pay for consumer credit ...
Sergey MALAKHOV
doaj
Decision Thresholds for Medical Tests Under Ambiguity Aversion. [PDF]
Front Health Serv, 2022 Sevim D, Felder S.
europepmc +1 more source
Ambiguity aversion as a reason to choose tournaments [PDF]
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. When output distributions are uncertain, models of ambiguity aversion suggest that tournaments may become more attractive than independent wage contracts ...
Christian Kellner, Gerhard Riener
core
Motive and Opportunity: Order Choice in a Limit Order Book With Dispersed Information
International Journal of Finance &Economics, EarlyView.ABSTRACT We test predictions of market microstructure theory relating to the determinants of order choice in a limit order book where information is dispersed among traders. Using an experimental limit order book, with a large state space, we find that informed traders exhibit patience, compatible with the ‘waiting game’ behaviour described in Foster ...
James Steeley +2 more
wiley +1 more source
A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations [PDF]
, 2023 Davide Radi +2 more
openalex +1 more source
Objective Imprecise Probabilistic Information, Second Order Beliefs and Ambiguity Aversion: an Axiomatization [PDF]
We axiomatize a model of decision under objective ambiguity or imprecise risk. The decision maker forms a subjective (non necessarily additive) belief aboutthe likelihood of probability distributions and computes the average expected utility of a given ...
Raphaël Giraud
core
On the Evolution of the Stock Market Efficiency: Evidence From Emerging Markets
International Studies of Economics, EarlyView.ABSTRACT The study of market efficiency is one of the most covered topics in the field of financial markets, with the Efficient Market Hypothesis gathering devotees as well as several critics. The perception of markets as agents with an adaptive nature gave rise to the Adaptive Market Hypothesis (AMH).
Júlio Lobão, Luís Pacheco, Nuno Cruz
wiley +1 more source
Gender Differences in Risk Aversion and Ambiguity [PDF]
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among ...
Bart H.H. Golsteyn +3 more
core
Journal of Adolescence, EarlyView.ABSTRACT Introduction Adolescents show a heightened propensity to take risks, relative to other age groups, especially in contexts involving peers. In the current study, we investigated whether peer contexts and age interact to promote collective risk taking, that is, when groups of peers decide to take a risk together.
Gabriele Chierchia +4 more
wiley +1 more source
Ambiguity aversion, modern Bayesianism and small worlds. [PDF]
Open Res Eur, 2021 Pittis N +4 more
europepmc +1 more source