Bayesian decisions with ambiguous belief aversion

DOI10.1007/BF00122576zbMath0775.90107OpenAlexW2085314501MaRDI QIDQ1196179

W. Kip Viscusi, Wesley A. Magat

Publication date: 17 December 1992

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf00122576

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (8)

Ambiguity attitudes, framing, and consistency ⋮ Subjective complexity under uncertainty ⋮ Causes of ambiguity aversion: Known versus unknown preferences ⋮ Recent developments in modeling preferences: Uncertainty and ambiguity ⋮ Uncertainty and measurement error in welfare models for risk changes ⋮ Updating subjective risks in the presence of conflicting information: an application to climate change ⋮ Belief hedges: Measuring ambiguity for all events and all models ⋮ How do information ambiguity and timing of contextual information affect managers' goal congruence in making investment decisions in good times vs. bad times?

Cites Work

• A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
• Preference and belief: ambibiguity and competence in choice under uncertainty
• Risk, Ambiguity, and the Savage Axioms
• The Framing of Decisions and the Psychology of Choice
• Prospect Theory: An Analysis of Decision under Risk

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