The role of intuition and reasoning in driving aversion to risk and ambiguity

DOI10.1007/S11238-013-9407-YMaRDI QIDQ490083zbMATH OpenOpenAlexFDO

Authors Jeffrey V. Butler, Luigi Guiso, Tullio Jappelli

Publication date 21 January 2015

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

Full work available at URL http://hdl.handle.net/1814/17195

zbMATH Keywords

decision theoryambiguity aversiondual systemsintuitive thinkingrisk ambiguity

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Ambiguity aversion and wealth effects
• Hopes and fears: The conflicting effects of risk ambiguity
• A lot of ambiguity
• Testing constant absolute and relative ambiguity aversion
• Career concerns and ambiguity aversion

Cites work

• A Smooth Model of Decision Making under Ambiguity
• Ambiguity and the historical equity premium
• Ambiguity, Risk, and Asset Returns in Continuous Time
• An experimental investigation of imprecision attitude and its relation with risk attitude and impatience
• Differentiating ambiguity and ambiguity attitude
• Elicitation using multiple price list formats
• Eliciting Risk and Time Preferences
• Ellsberg Revisited: An Experimental Study
• Estimating ambiguity aversion in a portfolio choice experiment
• Estimating risk attitudes using lotteries: a large sample approach
• Healthy scepticism as an expected-utility explanation of the phenomena of Allais and Ellsberg
• Recursive expected utility and the separation of attitudes towards risk and ambiguity: An experimental study
• Risk, ambiguity and the Savage axioms
• Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio

Cited in

(7)

• Competing conventions with costly information acquisition
• Configuring systems to be viable in a crisis: the role of intuitive decision-making
• Individual antecedents of real options appraisal: the role of national culture and ambiguity
• Decision making under uncertainty: the relation between economic preferences and psychological personality traits
• An experimental investigation of imprecision attitude and its relation with risk attitude and impatience
• Psychology implies paternalism? Bounded rationality may reduce the rationale to regulate risk-taking
• The impact of ambiguity and prudence on prevention decisions

Describes a project that uses

Uses Software

• Z-Tree

This page was built for publication: The role of intuition and reasoning in driving aversion to risk and ambiguity

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q490083)