A belief-based definition of ambiguity aversion

DOI10.1007/S11238-014-9452-1MaRDI QIDQ497472zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

ambiguity aversionmaxmin expected utilityChoquet expected utilitybiseparable preference

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(4)

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

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