Riddel, Mary; Shaw, W. - In: Journal of Risk and Uncertainty 32 (2006) 2, pp. 131-150
Few theoretically-consistent empirical models addressing the relationship between ambiguity, risk, and preferences for health and safety exist. To fill this gap, we propose a theoretical non-expected-utility model (NEUM) that is relatively easy to estimate using an interval-data model. The NEUM...