Results 101 to 110 of about 196 (135)

Disentangling Risk and Uncertainty: When Risk-Taking Measures Are Not About Risk. [PDF]

Front Psychol, 2018
De Groot K, Thurik R.
europepmc   +1 more source

Decision-Making under Ambiguity Is Modulated by Visual Framing, but Not by Motor vs. Non-Motor Context. Experiments and an Information-Theoretic Ambiguity Model. [PDF]

PLoS One, 2016
Grau-Moya J, Ortega PA, Braun DA.
europepmc   +1 more source

Ellsberg's Paradox and the value of chances

, 2016
openaire   +1 more source

How relevant is the prior? Bayesian causal inference for dynamic perception in volatile environments

Meijer D, Barumerli R, Baumgartner R.
europepmc   +1 more source

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Is There an Ellsberg-Fellner Paradox? A Note on its Resolution

Psychological Reports, 1989
The Ellsberg-Fellner Paradox can be shown to be nonparadoxical if Keynes' concept of weight-of-evidence is incorporated in decision making under risk and/or uncertainty. Keynes' concept is a more advanced version of C. S. Peirce's “second number” approach and is identical to R. Carnap's reliability-unreliability index.
Michael E. Brady, Howard B. Lee
exaly   +2 more sources

Ambiguity in information systems: rows, columns, and the Ellsberg paradox

Knowledge and Information Systems
The present paper investigates information systems stemming from rough set theory against the backdrop of the Ellsberg Paradox. In the early 1960s, D. Ellsberg introduced and discussed a type of informational uncertainty/ambiguity that could not be adequately modelled by the concept of measurable risk. Twenty years later, Z.
Marcin Wolski, Wolski Marcin, Gomolińska Anna   +2 more
exaly   +3 more sources

The Testing Principle: Inductive Reasoning and the Ellsberg Paradox

Thinking and Reasoning, 1996
We postulate the Testing Principle : that individuals ''act like statisticians'' when they face uncertainty in a decision problem, ranking alternatives to the extent that available evidence allows. The Testing Principle implies that completeness of preferences, rather than the sure-thing principle, is violated in the Ellsberg Paradox. In the experiment,
exaly   +2 more sources

A Two-Ball Ellsberg Paradox

SSRN Electronic Journal, 2023
We introduce a novel experimental framework, the two-ball Ellsberg gamble, which allows us to explore a wider range of possible drivers of ambiguity attitudes than usually considered by the literature. In an incentivized experiment on a representative sample from the US with 708 participants, we find that 55% of the subjects prefer avoiding ambiguity ...
Jabarian, Brian, Lazarus, Simon
openaire   +2 more sources

E-Capacities and the Ellsberg Paradox

Theory and Decision, 1999
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eichberger, Jürgen, Kelsey, David
openaire   +1 more source