Testing constant absolute and relative ambiguity aversion

DOI10.1016/J.JET.2019.02.006zbMATH Open1411.91172OpenAlexW2919949917MaRDI QIDQ2415993FDOQ2415993

Authors: Aurélien Baillon, Lætitia Placido 

Publication date: 23 May 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2019.02.006

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zbMATH Keywords

ambiguity aversionCRRAEllsbergCARAambiguity models

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

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Cited In (8)

• A test of (weak) certainty independence
• The role of intuition and reasoning in driving aversion to risk and ambiguity
• Testing negative value of information and ambiguity aversion
• On the Ellsberg and Machina paradoxes
• Foundations of ambiguity models under symmetry: \(\alpha\)-MEU and smooth ambiguity
• A general theory of subjective mixtures
• Ambiguity aversion and wealth effects
• Preferences with changing ambiguity aversion

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