Results 31 to 40 of about 76,828 (293)
Good luck, bad luck, and ambiguity aversion [PDF]
Judgment and Decision Making, 2014 We report a series of experiments investigating the influence of feeling lucky or unlucky on people's choice of known-risk or ambiguous options using the traditional Ellsberg Urns decision-making task.
Briony D. Pulford, Poonam Gill
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Ambiguity Aversion is the Exception [PDF]
SSRN Electronic Journal, 2015 An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can account for empirically observed violations of expected utility-based theories. Almost all relevant applied models presume a general dislike of ambiguity.
Martin G. Kocher +2 more
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Value-at-risk under ambiguity aversion
Financial Innovation, 2018 This study explored the effects of ambiguity on the calculation of Value-at-Risk (VaR) using a mathematical model based on the theory of Choquet-Brownian processes. It was found that while a moderate degree of ambiguity aversion yields a higher value for
Rossella Agliardi
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Ambiguity Aversion and Variance Premium [PDF]
SSRN Electronic Journal, 2012 This paper oers an ambiguity-based interpretation of variance premium— the dier- ence between risk-neutral and objective expectations of market return variance— as a com- pounding eect of both belief distortion and variance dierential regarding the uncertain economic regimes.
Jianjun Miao, Bin Wei, Hao Zhou
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Ambiguity and Conflict Aversion When Uncertainty Is in the Outcomes
Frontiers in Psychology, 2019 We argue that the way ambiguity has been operationalized throughout the literature on ambiguity effects has an important limitation, insofar as ambiguity in outcomes has been neglected.
Michael Smithson +3 more
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An examination of ambiguity aversion: Are two heads better than one?
Judgment and Decision Making, 2007 Ambiguity aversion has been widely observed in individuals’ judgments. Using scenarios that are typical in decision analysis, we investigate ambiguity aversion for pairs of individuals.
L. Robin Keller +2 more
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Incentive contracting under ambiguity aversion [PDF]
Economic Theory, 2017 This paper studies a principal-agent model in which the information on future firm performance is ambiguous and the agent is averse to ambiguity. We show that if firm risk is ambiguous, while stocks always induce the agent to perceive a high risk, options can induce him to perceive a low risk.
Liu, Qi, Lu, Lei, Sun, Bo
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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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An examination of ambiguity aversion [PDF]
Judgment and Decision Making, 2007 Ambiguity aversion has been widely observed in individuals' judgments. Using scenarios that are typical in decision analysis, we investigate ambiguity aversion for pairs of individuals.
L. Robin Keller +2 more
doaj
Measuring and Disentangling Ambiguity and Confidence in the Lab
Games, 2019 In this paper we present a novel experimental procedure aimed at better understanding the interaction between confidence and ambiguity attitudes in individual decision making.
Daniela Di Cagno, Daniela Grieco
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