A belief-based definition of ambiguity aversion

DOI10.1007/S11238-014-9452-1zbMATH Open1377.91073OpenAlexW2094819568MaRDI QIDQ497472FDOQ497472

Authors: Xiangyu Qu 

Publication date: 24 September 2015

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

Full work available at URL: https://doi.org/10.1007/s11238-014-9452-1

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zbMATH Keywords

ambiguity aversionmaxmin expected utilityChoquet expected utilitybiseparable preference

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08) Utility theory (91B16)

Cites Work

• Maxmin expected utility with non-unique prior
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• A Smooth Model of Decision Making under Ambiguity
• A theory of subjective compound lotteries
• Axiomatic foundations of multiplier preferences
• Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
• A Definition of Subjective Probability
• Theory of capacities
• Vector Expected Utility and Attitudes Toward Variation
• A More Robust Definition of Subjective Probability
• Ambiguity made precise: A comparative foundation
• More pessimism than greediness: a characterization of monotone risk aversion in the rank-dependent expected utility model
• Probabilistic Sophistication and Multiple Priors
• Small worlds: Modeling attitudes toward sources of uncertainty
• Comparative statics for rank-dependent expected utility theory
• A Definition of Uncertainty Aversion
• Bayes without Bernoulli: Simple conditions for probabilistically sophisticated choice
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Relative concave utility for risk and ambiguity

Cited In (4)

• Propensity for hedging and ambiguity aversion
• More ambiguity aversion or more risk aversion?
• Differentiating ambiguity: an expository note
• Ambiguous risk aversion under capacity

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