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

DOI10.1007/S11238-013-9407-YzbMATH Open1422.91186OpenAlexW3122438422MaRDI QIDQ490083FDOQ490083

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

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zbMATH Keywords

decision theoryambiguity aversiondual systemsintuitive thinkingrisk ambiguity

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

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

Cited In (7)

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

Uses Software

• Z-Tree

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