Results 51 to 60 of about 78,009 (326)
Aversion to a sure loss: turning investors into gamblers [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2018 In situations where there is a lack of relevant information for proper decisionmaking, investors tend to be ambiguity-averse, opting for the probabilities with predictable outcomes.
Miroslav Ferenčak +3 more
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A dynamic mechanism and surplus extraction under ambiguity [PDF]
, 2007 We study the question of auction design in an IPV setting characterized by ambiguity. We assume that the preferences of agents exhibit ambiguity aversion; in particular, they are represented by the epsilon-contamination model.
Arup Daripa +35 more
core +1 more source
Measuring Ambiguity Aversion [PDF]
SSRN Electronic Journal, 2014 We confront the generalized recursive smooth ambiguity aversion preferences of Klibanoff, Marinacci, and Mukerji (2005, 2009) with data using Bayesian methods introduced by Gallant and McCulloch (2009) to close two existing gaps in the literature. First, we use macroeconomic and financial data to estimate the size of ambiguity aversion as well as other
A. Ronald Gallant +2 more
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Frontiers in Applied Mathematics and Statistics, 2018 Ellsberg paradox in decision theory posits that people will inevitably choose a known probability of winning over an unknown probability of winning even if the known probability is low [1].
Song-Ju Kim, Taiki Takahashi
doaj +1 more source
Ambiguity Aversion and the Power of Established Brands [PDF]
SSRN Electronic Journal, 2007 This paper investigates situations where a sizable sub-set of consumers prefer an inferior (dominated) offer made by an established brand to a superior (dominating) offer made by a less-established brand. Established brands are those for which consumers hold more confident beliefs concerning overall quality.
A. V. Muthukrishnan, Luc Wathieu
openaire +3 more sources
Agribusiness, EarlyView.ABSTRACT This paper explores the convergence in on‐farm diversification strategies of agricultural holdings, between remote areas and more central ones. Using Italian farm‐level data, we explore the determinants of diversification strategies across farms.
Gianluca Grilli +2 more
wiley +1 more source
Review of Economics and StatisticsAbstract We report the results of two experiments designed to better understand the mechanisms driving decision making under ambiguity. We elicit individual preferences over different sources of uncertainty, entailing different degrees of complexity, from subjects with different sophistication levels.
Aydogan, Ilke +2 more
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Agribusiness, EarlyView.ABSTRACT Innovation is essential for competitiveness in agribusiness facing dynamic environments. This study examines how market orientation, marketing, relational, and social capabilities influence innovation performance. Using data from 751 Spanish firms and a multi‐method approach that integrates Structural Equation Modeling (PLS‐SEM), Necessary ...
Beatriz Corchuelo Martínez‐Azúa +1 more
wiley +1 more source
Attitudes towards ambiguous information and stock returns
Cogent Economics & Finance, 2019 This study examines whether investors’ attitudes toward ambiguity can explain cross-sectional stock returns by investigating the relationship between future stock returns and option-implied volatilities as well as implied third moments.
Ziyun Zhang
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Ability, chance, and ambiguity aversion: Revisiting the competence hypothesis
Judgment and Decision Making, 2010 Individuals are often ambiguity-averse when choosing among purely chance-based prospects (Ellsberg, 1961). However, they often prefer apparently ambiguous ability-based prospects to unambiguous chance-based prospects.
William M. P. Klein +3 more
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