Two examples of ambiguity aversion

被引：5
|
作者：
Blavatskyy, Pavlo R.
机构：
[1] Gramart strasse 153
来源：
ECONOMICS LETTERS | 2013年 / 118卷 / 01期
关键词：
Subjective uncertainty; Ambiguity; Ambiguity aversion; Ellsberg paradox; Reflection example; EXPECTED UTILITY; PREFERENCES; UNCERTAINTY; REPRESENTATION; PROBABILITIES; AXIOMS; MODEL; RISK;
D O I：
10.1016/j.econlet.2012.10.026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider two plausible and even natural examples of ambiguity aversion: the classical Ellsberg (1961) two-color paradox and a variant of the Machina (2009) reflection example. We extend the results of Baillon et al. (2011) and demonstrate that these two examples challenge the descriptive validity of Siniscalchi (2009) vector expected utility and the model of Nau (2006). (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码：206 / 208
页数：3
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