monotonically or exhibit a U-shape, depending on the level of ambiguity aversion. Additionally, we provide economic insights into …

monotonically or exhibit a U-shape, depending on the level of ambiguity aversion. Additionally, we provide economic insights into …

ambiguity aversion. We decompose payoffs to bank stakeholders into sets of barrier options and present closed-form solutions for …

for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological … studies, we observe a strong correlation between compound risk aversion and ambiguity aversion, but this correlation only … aversion and ambiguity aversion do not share the same psychological foundations. While compound risk aversion is primarily …

for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological … studies, we observe a strong correlation between compound risk aversion and ambiguity aversion, but this correlation only … aversion and ambiguity aversion do not share the same psychological foundations. While compound risk aversion is primarily …

market (limited market participation phenomenon). Investors who remain in the market due to lower ambiguity aversion are …