Showing 1 - 8 of 8
of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …
Persistent link: https://www.econbiz.de/10011130823
uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …
Persistent link: https://www.econbiz.de/10009646069
extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion, ambiguity aversion, and …
Persistent link: https://www.econbiz.de/10009646074
policy, demonstrating the importance of explicitly modeling tipping points' effects on system dynamics. Aversion to ambiguity … numerical model, ambiguity aversionincreases the optimal carbon tax. …
Persistent link: https://www.econbiz.de/10009646075
of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the … framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity …
Persistent link: https://www.econbiz.de/10009646078
uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …
Persistent link: https://www.econbiz.de/10010676464
paper introduces aversion to non-risk uncertainty (ambiguity). Ishow a close formal similarity between the model of … ambiguity aversion. I merge the models, achieving a threefold disentanglement between, risk aversion, ambiguity aversion, and …
Persistent link: https://www.econbiz.de/10010676519
policy, demonstrating the importance of explicitly modeling tipping points' effects on system dynamics. Aversion to ambiguity … numerical model, ambiguity aversionincreases the optimal carbon tax. …
Persistent link: https://www.econbiz.de/10010676557