Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks

DOI10.1007/S11238-020-09778-WMaRDI QIDQ829502zbMATH OpenOpenAlexFDO

Authors Jörg Oechssler, Alex Roomets

Publication date 6 May 2021

Published in Theory and Decision (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s11238-020-09778-w

zbMATH Keywords

ambiguityEllsberg paradoxexperiment

Mathematics Subject Classification ID

Experimental work for problems pertaining to game theory, economics, and finance (91-05) Decision theory (91B06)

Recommendations

• Testing ambiguity theories with a mean-preserving design
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Cites work

• E-capacities and the Ellsberg paradox
• A Definition of Subjective Probability
• Ambiguity and Second-Order Belief
• Attitudes toward uncertainty and randomization: an experimental study
• Betting on Machina's reflection example: An experiment on ambiguity
• Ellsberg Revisited: An Experimental Study
• Hedging, ambiguity, and the reversal of order axiom
• Maxmin expected utility with non-unique prior
• Randomization and dynamic consistency
• Risk, ambiguity and the Savage axioms
• Stochastically independent randomization and uncertain aversion
• Subjective Probability and Expected Utility without Additivity
• Uncertainty aversion and preference for randomisation
• Unintended hedging in ambiguity experiments

Cited in

(1)

• Ambiguity, randomization and the timing of resolution of uncertainty

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