Increasing uncertainty: a definition

DOI10.1016/J.MATHSOCSCI.2004.08.005zbMATH Open1127.91006OpenAlexW2126870631MaRDI QIDQ557952FDOQ557952

Authors: Simon Grant, J. Quiggin 

Publication date: 30 June 2005

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/151163/files/WPR04_4.pdf

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zbMATH Keywords

RiskAmbiguityNon-expected utilityUncertainty

Mathematics Subject Classification ID

Individual preferences (91B08) Noncooperative games (91A10) Utility theory (91B16)

Cites Work

• The Dual Theory of Choice under Risk
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• The Efficiency Analysis of Choices Involving Risk
• Title not available (Why is that?)
• Differentiating ambiguity and ambiguity attitude
• Existence of an Equilibrium for a Competitive Economy
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• A More Robust Definition of Subjective Probability
• Ambiguity made precise: A comparative foundation
• Revealed likelihood and Knightian uncertainty
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• Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model
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• A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox
• Updating ambiguous beliefs
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• Subjective Probabilities on Subjectively Unambiguous Events
• Risk, Ambiguity, and the Separation of Utility and Beliefs
• Risk aversion in the theory of expected utility with rank dependent probabilities
• Many good risks: An interpretation of multivariate risk and risk aversion without the independence axiom
• Increasing risk: Some direct constructions
• What do uncertainty-averse decision-makers believe?
• Understanding the nonadditive probability decision model
• Efficient sets with and without the expected utility hypothesis

Cited In (9)

• Nonparametric comparative revealed risk aversion
• Comparative risk aversion: a formal approach with applications to saving behavior
• Justifying social discounting: the rank-discounted utilitarian approach
• Ordering ambiguous acts
• Smoothing preference kinks with information
• Preference for safety under the Choquet model: in search of a characterization
• Risk aversion over finite domains
• A definition of budget restriction line under uncertainty
• A measure of ambiguity (Knightian uncertainty)

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