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Acute stress reduces risk-aversion by changing magnitude perception

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Renkert MF   +6 more
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Uncertainty aversion and aversion to increasing uncertainty

Theory and Decision, 1996
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Montesano, A, Giovannoni, F
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Uncertainty Aversion and Dynamic Consistency

International Economic Review, 1996
Summary: This paper applies a proposal of Machina for updating nonexpected utility preferences to Schmeidler's nonadditive probability model. We discover that the updated preferences may not themselves satisfy Schmeidler's axioms. Despite this, the updates of uncertainty averse preferences are themselves uncertainty averse.
Eichberger, Jurgen, Kelsey, David
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Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio

Econometrica, 1992
Summary: We describe some implications for the economic analysis of a model of decision making under uncertainty which generalizes the expected-utility model accepted by most economists as a representation of rational behavior. The model we use is the model of expected utility under a nonadditive probability measure, which seeks to distinguish between ...
Dow, James   +1 more
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A definition of uncertainty aversion

Review of Economic Studies, 1999
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