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Ambiguity aversion and the degree of ambiguity
Journal of Risk and Uncertainty, 2023 AbstractWe empirically show that sample information not only moderates prospects’ outcome ambiguity but also decision makers’ revealed aversion of them. Since most natural prospects permit at least some sample inference, accounting for their degree of ambiguity improves prediction of aversion.
Ronald Klingebiel, Feibai Zhu
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Decreasing aversion under ambiguity [PDF]
Journal of Economic Theory, 2015 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Cherbonnier, Frédéric +1 more
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Ambiguity aversion and wealth effects
Journal of Economic Theory, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Cerreia-Vioglio, Simone +2 more
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Journal of Medical Internet Research, 2021 BackgroundCommunicating scientific uncertainty about public health threats such as COVID-19 is an ethically desirable task endorsed by expert guidelines on crisis communication. However, the communication of scientific uncertainty is challenging because
Han, Paul K J +7 more
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Preference for playing order in games with and without replacement: Motivational biases and probability misestimations [PDF]
Judgment and Decision Making, 2022 This research explores the preference for playing order in games in which each of several players draws a random event (e.g., a ball from an urn), with and without replacement after each draw.
Kwanho Suk, Jieun Koo
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Neural correlates of decision-making under ambiguity and conflict
Frontiers in Behavioral Neuroscience, 2015 Studies of decision making under uncertainty generally focus on imprecise information about outcome probabilities (ambiguity). It is not clear, however, whether conflicting information about outcome probabilities affects decision making in the same ...
Helen ePushkarskaya +4 more
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Gender Differences in Risk Aversion and Ambiguity Aversion [PDF]
SSRN Electronic Journal, 2009 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 persons, and in particular across genders, can be accounted for by differences in personality traits
Borghans, Lex +3 more
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Ambiguous games: Evidence for strategic ambiguity aversion [PDF]
Quarterly Journal of Experimental Psychology, 2007 The problem of ambiguity in games is discussed, and a class of ambiguous games is identified. A total of 195 participants played strategic-form games of various sizes with unidentified co-players. In each case, they first chose between a known-risk game involving a co-player indifferent between strategies and an equivalent ambiguous game involving one ...
Pulford, Briony D., Colman, Andrew M.
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On ambiguity-averse market equilibrium
Optimization Letters, 2022 AbstractWe develop a Nash equilibrium problem representing a perfectly competitive market wherein all players are subject to the same source of uncertainty with an unknown probability distribution. Each player—depending on her individual access to and confidence over empirical data—builds an ambiguity set containing a family of potential probability ...
Niklas Vespermann +2 more
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The Fundamental Equity Premium and Ambiguity Aversion in an International Context
Risks, 2018 Stocks are riskier than bonds. This causes a risk premium for stocks. That the size of this premium, however, seems to be larger than risk aversion alone can explain the so-called “equity premium puzzle”.
Minh Hai Ngo +2 more
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