Ellsberg Revisited: An Experimental Study
From MaRDI portal
Publication:5437901
DOI10.1111/J.1468-0262.2006.00755.XzbMath1132.91423OpenAlexW3123603330MaRDI QIDQ5437901
Publication date: 28 January 2008
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1111/j.1468-0262.2006.00755.x
nonexpected utilityrecursive utilityuncertainty aversionmaxmin expected utilitybundlinganticipated utilityreduction of compound lotteriesprobabilistic sophisticationcompound independencerank dependent utilityrule rationality
Related Items (77)
Preference under risk in the presence of indistinguishable probabilities ⋮ Divergent platforms ⋮ Purely subjective variational preferences ⋮ Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks ⋮ A theory of robust experiments for choice under uncertainty ⋮ Uncertainty and binary stochastic choice ⋮ Shunning uncertainty: the neglect of learning opportunities ⋮ Ambiguity attitudes, framing, and consistency ⋮ Do sellers exploit biased beliefs of buyers? An experiment ⋮ Skewed noise ⋮ Hybrid decision model and the ranking of experiments ⋮ On subjective expected value under ambiguity ⋮ A theoretical foundation of ambiguity measurement ⋮ Nonparametric predictive utility inference ⋮ Measuring and disentangling ambiguity and confidence in the lab ⋮ The ex ante aggregation of opinions under uncertainty ⋮ Estimating ambiguity aversion in a portfolio choice experiment ⋮ Data-driven distributionally robust surgery planning in flexible operating rooms over a Wasserstein ambiguity ⋮ Attitudes toward uncertainty among the poor: an experiment in rural Ethiopia ⋮ Heterogeneous ambiguity attitudes: a field experiment among small-scale stock investors in China ⋮ Ellsberg meets Keynes at an urn ⋮ Testing negative value of information and ambiguity aversion ⋮ Paying for inattention ⋮ Calibration without reduction for non-expected utility ⋮ Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity ⋮ Mixture independence foundations for expected utility ⋮ Ambiguity aversion, higher-order risk attitude and optimal effort ⋮ Ambiguous information and dilation: an experiment ⋮ Randomization devices and the elicitation of ambiguity-averse preferences ⋮ Tournaments as a response to ambiguity aversion in incentive contracts ⋮ Approximate Bayesian implementation and exact maxmin implementation: an equivalence ⋮ A test of (weak) certainty independence ⋮ Relative concave utility for risk and ambiguity ⋮ When and how to satisfice: an experimental investigation ⋮ Purely subjective extended Bayesian models with Knightian unambiguity ⋮ Negative recency, randomization device choice, and reduction of compound lotteries ⋮ Impact of Compound and Reduced Specification on Valuation of Projects with Multiple Risks ⋮ Anticipated regret as an explanation of uncertainty aversion ⋮ Ambiguity and the Bayesian Paradigm ⋮ Peers or police?: the effect of choice and type of monitoring in the provision of public goods ⋮ Event-separability in the Ellsberg urn ⋮ Attitudes toward uncertainty and randomization: an experimental study ⋮ Preferences for the resolution of uncertainty and the timing of information ⋮ Inferring beliefs as subjectively imprecise probabilities ⋮ The price for information about probabilities and its relation with risk and ambiguity ⋮ Are beliefs a matter of taste? A case for objective imprecise information ⋮ Ambiguity aversion in multi-armed bandit problems ⋮ Eliciting risk preferences using choice lists ⋮ Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity ⋮ The role of intuition and reasoning in driving aversion to risk and ambiguity ⋮ Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study ⋮ The K-armed bandit problem with multiple priors ⋮ DISPLAYING UNCERTAIN INFORMATION ABOUT PROBABILITY: EXPERIMENTAL EVIDENCE ⋮ Expected utility with uncertain probabilities theory ⋮ Empirical relevance of ambiguity in first-price auctions ⋮ Belief updating and the demand for information ⋮ Ambiguous persuasion ⋮ Efficient implementation with interdependent valuations and maxmin agents ⋮ A class of incomplete and ambiguity averse preferences ⋮ Abraham Wald's complete class theorem and Knightian uncertainty ⋮ The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity ⋮ Choice with imprecise information: An experimental approach ⋮ Betting on Machina's reflection example: An experiment on ambiguity ⋮ Hedging, ambiguity, and the reversal of order axiom ⋮ Maxmin implementation ⋮ The value of a statistical life under ambiguity aversion ⋮ Dynamic decision making under ambiguity: an experimental investigation ⋮ An additive model of decision making under risk and ambiguity ⋮ Comparing ambiguous urns with different sizes ⋮ Recursive expected utility and the separation of attitudes towards risk and ambiguity: An experimental study ⋮ RECURSIVE AMBIGUITY AND MACHINA'S EXAMPLES ⋮ Uncertainty and compound lotteries: calibration ⋮ All probabilities are equal, but some probabilities are more equal than others ⋮ Reacting to ambiguous messages: an experimental analysis ⋮ Eliciting ambiguous beliefs using constructed ambiguous acts: alpha-maxmin ⋮ Are individuals more risk and ambiguity averse in a group environment or alone? Results from an experimental study ⋮ Blackwell's informativeness ranking with uncertainty-averse preferences
This page was built for publication: Ellsberg Revisited: An Experimental Study