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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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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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NeuroImage, 2022 Studies on decision-making under uncertainty have mainly focused on understanding preferences for either risk or ambiguity using standard lottery designs.
Kim Fairley +3 more
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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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A Bayesian Approach to Uncertainty Aversion [PDF]
Review of Economic Studies, 2005 Summary: The Ellsberg paradox demonstrates that people's beliefs over uncertain events might not be representable by subjective probability. We show that if a risk averse decision maker, who has a well defined Bayesian prior, perceives an Ellsberg type decision problem as possibly composed of a bundle of several positively correlated problems, she will
Feltkamp, Vincent, Halevy, Yoram
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The continuous and changing impact of affect on risky decision-making
Scientific Reports, 2022 Affective experience has an important role in decision-making with recent theories suggesting a modulatory role of affect in ongoing subjective value computations.
Erkin Asutay, Daniel Västfjäll
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Aversion to ambiguity and model misspecification in dynamic stochastic environments [PDF]
, 2018 Preferences that accommodate aversion to subjective uncertainty and its potential misspecification in dynamic settings are a valuable tool of analysis in many disciplines.
Hansen, Lars Peter, Miao, Jianjun
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