The impact of ambiguity and prudence on prevention decisions

DOI10.1007/S11238-015-9512-1zbMATH Open1378.91059OpenAlexW1032755340MaRDI QIDQ266509FDOQ266509

Authors: Loïc Berger 

Publication date: 13 April 2016

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-015-9512-1

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zbMATH Keywords

ambiguitynon-expected utilityprudenceself-insuranceself-protection

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cites Work

• Maxmin expected utility with non-unique prior
• Risk, ambiguity and the Savage axioms
• A Smooth Model of Decision Making under Ambiguity
• Title not available (Why is that?)
• Recursive smooth ambiguity preferences
• Optimal prevention and prudence in a two-period model
• Precautionary saving and the notion of ambiguity prudence
• The impact of prudence on optimal prevention
• The economics of risk and time
• Alpha as ambiguity: robust mean-variance portfolio analysis
• Ambiguity and the Bayesian paradigm
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
• A Diamond-Stiglitz approach to the demand for self-protection
• Ambiguity aversion and the propensities for self-insurance and self-protection

Cited In (10)

• Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention
• The impact of prudence on optimal prevention revisited
• Testing constant absolute and relative ambiguity aversion
• Ambiguity aversion and the propensities for self-insurance and self-protection
• Ambiguity aversion, higher-order risk attitude and optimal effort
• The value of a statistical life under ambiguity aversion
• The impact of prudence on optimal prevention
• Prevention efforts, insurance demand and price incentives under coherent risk measures
• Impact of outcome ambiguity on self-insurance and self-protection: experimental evidence
• Distortion risk measures, ambiguity aversion and optimal effort

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