Risk, ambiguity, and state-preference theory

DOI10.1007/S00199-011-0632-8zbMATH Open1277.91038OpenAlexW2146344810MaRDI QIDQ641841FDOQ641841

Authors: Robert Nau

Publication date: 25 October 2011

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-011-0632-8

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zbMATH Keywords

risk aversion ambiguity aversion smooth model Ellsberg's paradox risk neutral probabilities state-preference theory

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

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Cited In (12)

Desirability foundations of robust rational decision making
Analyzing risky choices: Q-learning for deal-no-deal
Unhedgeable shocks and statistical economic equilibrium
State preference theory and asset pricing. An introduction
Ambiguity and the Bayesian paradigm
A model of state aggregation
Bayesian decision theory with action-dependent probabilities and risk attitudes
Anticipated regret as an explanation of uncertainty aversion
A full characterization of Nash implementation with strategy space reduction
Risk-neutral equilibria of noncooperative games
Comparative ambiguity aversion and downside ambiguity aversion
Separate aggregation of beliefs and values under ambiguity

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