Results 131 to 140 of about 506 (164)
How relevant is the prior? Bayesian causal inference for dynamic perception in volatile environments
Meijer D, Barumerli R, Baumgartner R.
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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
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On the relationship between Keynes’s conception of evidential weight and the Ellsberg paradox [PDF]
Journal of Economic Psychology, 2007 A number of scholars have noted that Ellsberg’s seminal 1961QJE critique of the subjective expected utility model bears certain resemblances to ideas expressed in J. M. Keynes’s 1921 A Treatise on Probability. Ellsberg did not mention Keynes’s work in his article and referred instead to F.
Alberto Feduzi
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E-Capacities and the Ellsberg Paradox
Theory and Decision, 1999 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eichberger, Jürgen, Kelsey, David
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The Testing Principle: Inductive Reasoning and the Ellsberg Paradox
Thinking and Reasoning, 1996We 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,
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International Journal of Behavioral Development, 2023 International audienceThis research aimed to clarify whether middle adolescents’ risk-taking is driven by reduced ambiguity aversion. In Study 1, we explored the development of ambiguity aversion using an adaptation of the classic Ellsberg paradox with ...
Anais Osmont, Mathieu Cassotti
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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
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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