Small worlds: Modeling attitudes toward sources of uncertainty
From MaRDI portal
Publication:2475168
DOI10.1016/j.jet.2007.07.004zbMath1132.91370OpenAlexW2169791049MaRDI QIDQ2475168
Publication date: 10 March 2008
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2007.07.004
uncertaintydecision theoryrisknon-expected utilityambiguityutility representationEllsberg paradoxprobabilistic sophistication
Related Items (49)
A lot of ambiguity ⋮ Introduction to the special issue in honor of Peter Wakker ⋮ A gene-brain-behavior basis for familiarity bias in source preference ⋮ Purely subjective variational preferences ⋮ Signaling probabilities in ambiguity: who reacts to vague news? ⋮ Randomization and dynamic consistency ⋮ A model of state aggregation ⋮ A theoretical foundation of ambiguity measurement ⋮ Subjective mean-variance preferences without expected utility ⋮ Games with second-order expected utility ⋮ Maxmin expected utility with additivity on unambiguous events ⋮ Ellsberg meets Keynes at an urn ⋮ Source and rank-dependent utility ⋮ Financial market structures revealed by pricing rules: efficient complete markets are prevalent ⋮ Ambiguity aversion and the propensities for self-insurance and self-protection ⋮ Risk analysis and decision theory: a bridge ⋮ From perception to action: an economic model of brain processes ⋮ Hurwicz expected utility and subjective sources ⋮ A test of (weak) certainty independence ⋮ The key to the knowledge norm of action is ambiguity ⋮ Purely subjective extended Bayesian models with Knightian unambiguity ⋮ Ambiguity and the Bayesian Paradigm ⋮ The fog of fraud -- mitigating fraud by strategic ambiguity ⋮ Social and strategic ambiguity versus betrayal aversion ⋮ Event-separability in the Ellsberg urn ⋮ Attitudes toward uncertainty and randomization: an experimental study ⋮ Risk, ambiguity, and state-preference theory ⋮ A two-parameter model of dispersion aversion ⋮ Parametric representation of preferences ⋮ Probabilistic sophistication, second order stochastic dominance and uncertainty aversion ⋮ Ambiguity and robust statistics ⋮ Familiarity breeds completeness ⋮ Ignorance and competence in choices under uncertainty ⋮ A belief-based definition of ambiguity aversion ⋮ Expected utility with uncertain probabilities theory ⋮ Contracting under uncertainty: a principal-agent model with ambiguity averse parties ⋮ Multiple priors and comparative ignorance ⋮ Decision making in phantom spaces ⋮ A simplified axiomatic approach to ambiguity aversion ⋮ Ambiguity and the value of information ⋮ Savage for dummies and experts ⋮ Piecewise additivity for non-expected utility ⋮ Imprecise probabilistic beliefs as a context for decision-making under ambiguity ⋮ Uncertainty from the small to the large ⋮ Bayes and Hurwicz without Bernoulli ⋮ Foundations of ambiguity models under symmetry: \(\alpha\)-MEU and smooth ambiguity ⋮ Comparing ambiguous urns with different sizes ⋮ Uncertainty and compound lotteries: calibration ⋮ Non-congruent views about signal precision in collective decisions
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Ambiguity made precise: A comparative foundation
- Preference and belief: ambibiguity and competence in choice under uncertainty
- A theory of subjective compound lotteries
- Maxmin expected utility with non-unique prior
- Qualitative probabilities on \(\lambda\)-systems
- Differentiating ambiguity and ambiguity attitude
- Judged knowledge and ambiguity aversion
- Subjective expected utility with non-additive probabilities on finite state spaces
- Subjective probabilities on ``small domains
- A behavioral characterization of plausible priors
- Optimal lifetime consumption-portfolio strategies under trading constraints and generalized recursive preferences.
- Risk, Ambiguity, and the Savage Axioms
- Uncertainty Aversion with Second-Order Utilities and Probabilities
- Event Exchangeability: Probabilistic Sophistication Without Continuity or Monotonicity
- A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
- Subjective Probability and Expected Utility without Additivity
- A More Robust Definition of Subjective Probability
- A Definition of Uncertainty Aversion
- Subjective Probabilities on Subjectively Unambiguous Events
- Subjective Probability Without Monotonicity: or How Machina's Mom May Also be Probabilistically Sophisticated
- Risk Attitudes and Decision Weights
- Ambiguity Aversion and Comparative Ignorance
- A Smooth Model of Decision Making under Ambiguity
- Truth and Simplicity
- Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
This page was built for publication: Small worlds: Modeling attitudes toward sources of uncertainty