Results 81 to 90 of about 506 (164)
Ambiguity aversion, modern Bayesianism and small worlds. [PDF]
Open Res Eur, 2021 Pittis N +4 more
europepmc +1 more source
There is a large theoretical literature in both economics and psychology on decision making under ambiguity (as distinct from risk) and many preference functionals proposed in this literature for describing behaviour in such contexts.
John D Hey +2 more
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'If I had a hedge fund, I would cure diabetes': endogenous mechanisms for creating public goods. [PDF]
SN Bus Econ, 2021 Liechty J, Wuyts S.
europepmc +1 more source
States, models and information: A reconsideration of Ellsberg's paradox
, 2006 We show that a general process of decision making involves uncertainty about two different sets: the domain of the acts and another set, which we call the set of models for the decision maker. We study the effect of different information structures on the set of models, and prove the existence of a dichotomy: either the decision maker's ranking of the ...
openaire +2 more sources
Gender differences in "optimistic" information processing in uncertain decisions. [PDF]
Cogn Affect Behav Neurosci, 2023 Karmarkar UR.
europepmc +1 more source
Are Probabilities Used in Markets? [PDF]
Working in a complete-markets setting, a property of asset demands in identified that is inconsistent with the investor's preference being based on probabilities.
Epstein, L.G.
core
On the effect of uncertainty on personal vaccination decisions. [PDF]
Health Econ, 2021 Courbage C, Peter R.
europepmc +1 more source
A Contextual Risk Model for the Ellsberg Paradox
The Allais and Ellsberg paradoxes show that the expected utility hypothesis and Savage's Sure-Thing Principle are violated in real life decisions. The popular explanation in terms of 'ambiguity aversion' is not completely accepted.
Sandro Sozzo, Diederik Aerts
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