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Hill, Brian - 2019

Although much of the theoretical literature on ambiguity works under the assumption of uncertainty aversion …

Persistent link: https://www.econbiz.de/10012266826

Doubts about the model and optimal policy

Karantounias, Anastasios G. - 2020

This paper analyzes optimal policy in setups where both the leader and the follower have doubts about the probability model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many small firms in a competitive fringe, where both types...

Persistent link: https://www.econbiz.de/10012256581

Doubts about the model and optimal policy

Karantounias, Anastasios G. - 2023

Persistent link: https://www.econbiz.de/10014318095

Doubts about the model and optimal policy

Karantounias, Anastasios G. - In: Journal of economic theory 210 (2023), pp. 1-38

Persistent link: https://www.econbiz.de/10014421170

Beyond uncertainty aversion

Hill, Brian - In: Games and economic behavior 141 (2023), pp. 196-222

Persistent link: https://www.econbiz.de/10014454544

Least convex capacities

Epstein, Larry G.; Zhang, Jiankang - In: Economic Theory 13 (1999) 2, pp. 263-286

Debreu proposed the notion of `least concave utility' as a way to disentangle risk attitudes from the certainty preferences embedded in a von-Neumann Morgenstern index. This paper studies preferences under uncertainty, as opposed to risk, and examines a corresponding decomposition of preference....

Persistent link: https://www.econbiz.de/10005178754

Chapter 17. Ambiguity and Nonexpected Utility

Karni, Edi; Maccheroni, Fabio; Marinacci, Massimo - In: Handbook of game theory with economic applications : …, (pp. 901-947). 2015

depart from the sure thing principle and model the phenomenon of ambiguity and ambiguity aversion. …

Persistent link: https://www.econbiz.de/10014025442

Intertemporal stability of ambiguity preferences

Dürsch, Peter; Römer, Daniel; Roth, Benjamin - 2013

be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly … elicit ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. In our data, 57% of the …

Persistent link: https://www.econbiz.de/10010207919

Measuring ambiguity aversion : a systematic experimental approach

Krahnen, Jan Pieter; Ockenfels, Peter; Wilde, Christian - 2014

This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments …. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ranging from low to … high. Attitudes towards risk and attitudes towards ambiguity are disentangled, providing pure measures of ambiguity …

Persistent link: https://www.econbiz.de/10010365123

Measuring ambiguity aversion : a systematic experimental approach ; conference paper

Krahnen, Jan Pieter; Ockenfels, Peter; Wilde, Christian - 2014

Persistent link: https://www.econbiz.de/10010489289