Risk, ambiguity, and state-preference theory
From MaRDI portal
Publication:641841
DOI10.1007/s00199-011-0632-8zbMath1277.91038OpenAlexW2146344810MaRDI QIDQ641841
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
risk aversionambiguity aversionsmooth modelEllsberg's paradoxrisk neutral probabilitiesstate-preference theory
Related Items
Bayesian decision theory with action-dependent probabilities and risk attitudes ⋮ A full characterization of Nash implementation with strategy space reduction ⋮ Desirability foundations of robust rational decision making ⋮ Unhedgeable shocks and statistical economic equilibrium ⋮ Anticipated regret as an explanation of uncertainty aversion ⋮ Ambiguity and the Bayesian Paradigm ⋮ Separate aggregation of beliefs and values under ambiguity ⋮ Comparative ambiguity aversion and downside ambiguity aversion ⋮ Risk-neutral equilibria of noncooperative games
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Event-separability in the Ellsberg urn
- Informational efficiency with ambiguous information
- Definitions of ambiguous events and the smooth ambiguity model
- Decision making and trade without probabilities
- Are the treasures of game theory ambiguous?
- Liquidity and asset prices in rational expectations equilibrium with ambiguous information
- Increasing risk with state-dependent preferences
- Intertemporal substitution, risk aversion and ambiguity aversion
- The shape of incomplete preferences
- A theory of subjective compound lotteries
- Maxmin expected utility with non-unique prior
- Recursive multiple-priors.
- De Finetti was right: Probability Does Not exist
- Almost-objective uncertainty
- `Expected utility \(/\) subjective probability' analysis without the sure-thing principle or probabilistic sophistication
- A representation of partially ordered preferences
- Non-additive beliefs and strategic equilibria
- Small worlds: Modeling attitudes toward sources of uncertainty
- The axioms and algebra of intuitive probability
- Subjective Expected Utility With Incomplete Preferences
- Incomplete Preferences Under Uncertainty: Indecisiveness in Beliefs versus Tastes
- Risk, Ambiguity, and the Savage Axioms
- A Paradox for the Smooth Ambiguity Model of Preference
- A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility
- Uncertainty Aversion with Second-Order Utilities and Probabilities
- State-Dependent Utilities
- Ambiguity and Second-Order Belief
- On State Dependent Preferences and Subjective Probabilities
- A Note on Commodity Taxation: The Choice of Variable and the Slutsky, Hessian and Antonelli Matrices (SHAM)
- Subjective Probability and Expected Utility without Additivity
- On Multivariate Risk Aversion
- A Matrix Measure of Multivariate Local Risk Aversion
- Ambiguity and Rational Expectations Equilibria
- Risk Aversion in the Small and in the Large
- Uncertainty and Risk in Financial Markets
- A Smooth Model of Decision Making under Ambiguity