Results 61 to 70 of about 506 (164)
Market or clan: A comparative study of risk sharing institutional evolution in China and Europe
International Studies of Economics, Volume 19, Issue 2, Page 293-327, June 2024.Abstract In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk‐sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a wide set of research questions concerning why China and Europe relied on different ...
Wenge Zhu
wiley +1 more source
The effects of awe‐eliciting experiences on consumers' aversion to choice ambiguity
Psychology &Marketing, Volume 41, Issue 6, Page 1193-1205, June 2024.Abstract Experiencing awe elicits feelings of both being part of something that is bigger than oneself (self‐transcendence) and a sense, or feeling, of smallness. Our studies show that these distinct responses serve as mechanisms of action that have both main and mediating effects on consumer preference in ambiguous choice contexts. Across five studies,
Kamal Ahmmad +3 more
wiley +1 more source
, 2020 This paper explores archival material concerning the reception of Leonard J. Savage’s foundational work of rational choice theory in its subjective-Bayesian form. The focus is on the criticism raised in the early 1960s by Daniel Ellsberg, William Fellner
Carlo Zappia
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Pathways of romantic jealousy to intimate partner violence in Mwanza, northern Tanzania
Family Relations, Volume 73, Issue 2, Page 843-857, April 2024.Abstract Objective The goal of this research is to establish the pathways through which romantic jealousy leads to intimate partner violence. Background Physical and/or sexual intimate partner violence is widespread, with one in four women reporting it globally. Romantic jealousy is a known risk factor for intimate partner violence, yet little is known
Diana Aloyce +7 more
wiley +1 more source
A Two-Ball Ellsberg Paradox [PDF]
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.
Jabarian, Brian, Lazarus, Simon
core
Mitigating Ambiguity Aversion via Counterfactual Priors: A Resolution of Ellsberg's Paradox [PDF]
, 2022 Ellsberg-type preferences violate one of the principles for Bayesian rationality, namely Savageís Sure Thing Principle, and are among the main empirical results against Subjective Expected Utility theory.
Samartzis, Panagiotis +2 more
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Ambiguity and uncertainty in Ellsberg and Shackle [PDF]
This paper argues that Ellsberg’s and Shackle’s frameworks for discussing the limits of the (subjective) probabilistic approach to decision theory are not as different as they may appear.
Carlo Zappia, Marcello Basili
core
Resolving the Ellsberg Paradox by Assuming that People Evaluate Repetitive Sampling [PDF]
, 1999 Ellsberg (1961) designed a decision experiment where most people violated the axioms of rational choice. He asked people to bet on the outcome of certain random events with known and with unknown probabilities.
Hans Schneeweiss, Schneeweiß, Hans
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The Ellsberg paradox: A challenge to quantum decision theory?
, 2016 We set up a simple quantum decision model of the Ellsberg paradox. We find that the matching probabilities that our model predict are in good agreement with those empirically measured by Dimmock et al. (2015). Our derivation is parameter free.
Ali al-Nowaihiy (7810898) +1 more
core +1 more source
Event-Separability in the Ellsberg urn
Ellsberg paradox, Ambiguity, Ambiguity aversion, Event-separability, Ellsberg urn, D81, 200, 315, 1345,
Mark Machina
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