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A definition of uncertainty aversion
Review of Economic Studies, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Larry G. Epstein
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Journal of Food Products Marketing, 2022
For decades, research and practice have recognized the significant effects of risk aversion and uncertainty avoidance on consumer behavior. These two concepts are often used interchangeably and studied as an integrated factor in marketing literature ...
Rongbin Yang +2 more
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For decades, research and practice have recognized the significant effects of risk aversion and uncertainty avoidance on consumer behavior. These two concepts are often used interchangeably and studied as an integrated factor in marketing literature ...
Rongbin Yang +2 more
semanticscholar +1 more source
Uncertainty aversion and aversion to increasing uncertainty
Theory and Decision, 1996zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Montesano, A, Giovannoni, F
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Uncertainty Aversion and Dynamic Consistency
International Economic Review, 1996Summary: 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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Production theory under price uncertainty for firms with disappointment aversion
International Journal of Production Research, 2020This paper studies the production theory of the competitive firm under price uncertainty by adopting four of the most well-established models of disappointment aversion.
Xu Guo, Martín Egozcue, W. Wong
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Thinking & Reasoning
The theory of actively open-minded thinking (AOT) implies standards for good thinking. Two broad aspects of these standards characterise individual differences in their acceptance: myside bias, in which thinking favours possible conclusions that are ...
Jonathan Baron
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The theory of actively open-minded thinking (AOT) implies standards for good thinking. Two broad aspects of these standards characterise individual differences in their acceptance: myside bias, in which thinking favours possible conclusions that are ...
Jonathan Baron
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Uncertainty Averse Bank Runners [PDF]
, 2004 In the framework of a Diamond-Dybvig-Peck-Shell banking model, in which a broad class of feasible contractual arrangements is allowed and which admits a run equilibrium, we stress the assumption that depositors are uncertain of their position in the queue when expecting a run.
Guido Cozzi, Paolo E. Giordani
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RISK AVERSION, UNCERTAINTY AVERSION, AND VARIATION AVERSION IN APPLIED COMMODITY PRICE ANALYSIS
2002Standard models of hedging behavior assume that either hedgers wish to minimize net price variation or they wish to balance variation versus profits. These models treat variation as risk and fail to distinguish between variation that is random and variation that is not random over time.
Frechette, Darren L. +3 more
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Characterizing uncertainty aversion through preference for mixtures [PDF]
Social Choice and Welfare, 2001 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Final-Offer Arbitration with Uncertainty Averse Parties
SSRN Electronic Journal, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Çelen, Boğaçhan, Özgür, Onur
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