A simplified axiomatic approach to ambiguity aversion

DOI10.1007/s11166-010-9099-4zbMath1233.91059OpenAlexW1972775545MaRDI QIDQ707881

William S. Neilson

Publication date: 8 October 2010

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-010-9099-4

zbMATH Keywords

ambiguityindependence axiomEllsberg paradoxSavage axiomsAnscombe-Aumann framework

Mathematics Subject Classification ID

Individual preferences (91B08) Probabilistic games; gambling (91A60)

Related Items (20)

Signaling probabilities in ambiguity: who reacts to vague news? ⋮ Ordering ambiguous acts ⋮ Games with second-order expected utility ⋮ Source and rank-dependent utility ⋮ Ambiguity aversion and the propensities for self-insurance and self-protection ⋮ Relative concave utility for risk and ambiguity ⋮ Parametric representation of preferences ⋮ Inferring beliefs as subjectively imprecise probabilities ⋮ Probabilistic sophistication, second order stochastic dominance and uncertainty aversion ⋮ Ambiguity and robust statistics ⋮ A simplified approach to subjective expected utility ⋮ An additive model of decision making under risk and ambiguity ⋮ Portfolio allocation problems between risky and ambiguous assets ⋮ Savage for dummies and experts ⋮ Belief hedges: Measuring ambiguity for all events and all models ⋮ Decision-making with partial information ⋮ Comparing ambiguous urns with different sizes ⋮ Revisiting precautionary saving under ambiguity ⋮ Mean-dispersion preferences with a specific dispersion function ⋮ Blackwell's informativeness ranking with uncertainty-averse preferences

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