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Covid-19 outbreak, ambiguity aversion, and macroeconomic expectations
China Economic Quarterly International, 2023 How will the outbreak of Covid-19 affect people's expectations on the macroeconomy? We conduct an online experiment in China to investigate the relationship between ambiguity aversion, risk aversion, and expectations about the macroeconomy after the ...
King King Li, Bo Huang
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Indifference pricing with uncertainty averse preferences [PDF]
Journal of Mathematical Economics, 2011 We consider the indifference valuation of an uncertain monetary payoff from the perspective of an uncertainty averse decision maker. We study how the indifference valuation depends on the decision maker's attitudes toward uncertainty. We obtain a characterization of comparative uncertainty aversion and various characterizations of increasing ...
Giammarino, Flavia, Barrieu, Pauline
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Welfare Cost of Model Uncertainty in a Small Open Economy
Entropy, 2020 This paper extends the canonical small open-economy real-business-cycle model, when considering model uncertainty. Domestic households have multiplier preferences, which leads them to take robust decisions in response to possible model misspecification ...
Jocelyn Tapia Stefanoni
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Multi-sourcing under supply uncertainty and Buyer's risk aversion
EURO Journal on Computational Optimization, 2021 We address the combined problem of supplier (or vendor) selection and ordering decision when a buyer can choose to procure from multiple suppliers whose yields are uncertain and potentially correlated.
Prashant Chintapalli
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Risk and Market Participant Behavior in the U.S. Slaughter-Cattle Market
Journal of Agricultural and Resource Economics, 1995 Incomplete information generates uncertainty for market participants in the slaughter-cattle market. Buyer and seller behavior in the presence of that uncertainty is examined.
Dillon M. Feuz +2 more
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The Effect of Regret-Based Risky Route Choice on the Traffic Equilibrium for Emergency Evacuation
Journal of Advanced Transportation, 2020 Following the research on human decision-making under risk and uncertainty, the purpose of this paper is to analyze evacuees’ risky route decision behavior and its effect on traffic equilibrium.
Ze Wang, Haiqiang Yang, Linglin Ni
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Uncertainty Aversion and Preference for Randomisation [PDF]
Journal of Economic Theory, 1996 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eichberger, Jürgen, Kelsey, David
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Risk aversion, intertemporal substitution, and the aggregate investment-uncertainty relationship [PDF]
, 2007 We analyze the role of risk aversion and intertemporal substitution in a simple dynamic general equilibrium model of investment and savings. Our main finding is that risk aversion cannot by itself explain a negative relationship between aggregate ...
Abel +46 more
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The Fundamental Equity Premium and Ambiguity Aversion in an International Context
Risks, 2018 Stocks are riskier than bonds. This causes a risk premium for stocks. That the size of this premium, however, seems to be larger than risk aversion alone can explain the so-called “equity premium puzzle”.
Minh Hai Ngo +2 more
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Ambiguity and Conflict Aversion When Uncertainty Is in the Outcomes
Frontiers in Psychology, 2019 We argue that the way ambiguity has been operationalized throughout the literature on ambiguity effects has an important limitation, insofar as ambiguity in outcomes has been neglected.
Michael Smithson +3 more
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