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
相关论文
共 50 条
  • [41] Ambiguity aversion and the criminal process
    Segal, Uzi
    Stein, Alex
    NOTRE DAME LAW REVIEW, 2006, 81 (04) : 1495 - 1551
  • [42] Alcohol reduces aversion to ambiguity
    Tyszka, Tadeusz
    Macko, Anna
    Stanczak, Maciej
    FRONTIERS IN PSYCHOLOGY, 2015, 5
  • [43] Ambiguity, ambiguity aversion and stores of value: The case of Argentina
    Ariel Corso, Eduardo
    COGENT ECONOMICS & FINANCE, 2014, 2 (01):
  • [44] The impact of risk aversion and ambiguity aversion on annuity and saving choices
    Eric André
    Antoine Bommier
    François Le Grand
    Journal of Risk and Uncertainty, 2022, 65 : 33 - 56
  • [45] The impact of risk aversion and ambiguity aversion on annuity and saving choices
    Andre, Eric
    Bommier, Antoine
    Le Grand, Francois
    JOURNAL OF RISK AND UNCERTAINTY, 2022, 65 (01) : 33 - 56
  • [46] Endogenous incompleteness of financial markets: The role of ambiguity and ambiguity aversion
    Rinaldi, Francesca
    JOURNAL OF MATHEMATICAL ECONOMICS, 2009, 45 (12) : 872 - 893
  • [47] COPING RATIONALLY WITH AMBIGUITY: ROBUSTNESS VERSUS AMBIGUITY-AVERSION
    Nehring, Klaus
    ECONOMICS AND PHILOSOPHY, 2009, 25 (03) : 303 - 334
  • [48] Ambiguity Aversion and Heterogeneity in Households' Beliefs
    Michelacci, Claudio
    Paciello, Luigi
    AMERICAN ECONOMIC JOURNAL-MACROECONOMICS, 2024, 16 (02) : 95 - 126
  • [49] Competence and ambiguity aversion of heterogeneous investors
    Lai, Christine W.
    Lien, Donald
    Tsai, Shih-Chuan
    PACIFIC-BASIN FINANCE JOURNAL, 2025, 90
  • [50] Ambiguity Aversion and the Preference for Established Brands
    Muthukrishnan, A. V.
    Wathieu, Luc
    Xu, Alison Jing
    MANAGEMENT SCIENCE, 2009, 55 (12) : 1933 - 1941
12345