Probabilistic sophistication, second order stochastic dominance and uncertainty aversion
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Publication:455916
DOI10.1016/j.jmateco.2012.05.005zbMath1260.91054OpenAlexW1965504081MaRDI QIDQ455916
Massimo Marinacci, Fabio Maccheroni, Luigi Montrucchio, Simone Cerreia-Vioglio
Publication date: 22 October 2012
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: http://www.carloalberto.org/assets/working-papers/no.174.pdf
subjective expected utilityuncertainty aversionmodel misspecificationsecond-order stochastic dominanceunambiguous eventsprobabilistic sophistication
Related Items (9)
On subjective expected value under ambiguity ⋮ Variational Bewley preferences ⋮ Randomizing without randomness ⋮ Uncertainty averse preferences ⋮ Probabilistic sophistication and variational preferences ⋮ Ambiguity and robust statistics ⋮ A simplified approach to subjective expected utility ⋮ Bayes and Hurwicz without Bernoulli ⋮ Efficient allocations under law-invariance: a unifying approach
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