Shunning uncertainty: the neglect of learning opportunities

DOI10.1016/J.GEB.2013.01.001MaRDI QIDQ2636767zbMATH OpenOpenAlexFDO

Authors Stefan T. Trautmann, Richard J. Zeckhauser

Publication date 18 February 2014

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL http://nrs.harvard.edu/urn-3:HUL.InstRepos:5347068

zbMATH Keywords

informationuncertaintylearningriskgambler's fallacy

Mathematics Subject Classification ID

Decision theory (91B06) Rationality and learning in game theory (91A26) Probabilistic games; gambling (91A60)

Recommendations

• Ignorance and uncertainty
• Coping with ignorance: Unforeseen contingencies and non-additive uncertainty
• Beyond uncertainty aversion
• Ignorance and competence in choices under uncertainty
• Uncertainty aversion and aversion to increasing uncertainty
• The aversion to the sequential resolution of uncertainty
• Learning the unlearnable
• Learning and risk aversion

Cites work

• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• A Bayesian Approach to the Production of Information and Learning by Doing
• A surprise-quiz view of learning in economic experiments
• Advances in prospect theory: cumulative representation of uncertainty
• Career concerns and ambiguity aversion
• Ellsberg Revisited: An Experimental Study
• Even risk-averters may love risk
• Herding, social preferences and (non-)conformity
• Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance
• Meaningful learning and transfer of learning in games played repeatedly without feedback
• Monopoly Experimentation
• Myopic investment management
• Negative recency, randomization device choice, and reduction of compound lotteries
• Risk, ambiguity and the Savage axioms
• Two-Stage Lotteries without the Reduction Axiom

Cited in

(4)

• How near-misses influence decision making under risk: a missed opportunity for learning
• Optimal learning under robustness and time-consistency
• Dynamic decision making under ambiguity: an experimental investigation
• The myopic property in decision models

This page was built for publication: Shunning uncertainty: the neglect of learning opportunities

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2636767)