Investment behavior under ambiguity: the case of pessimistic decision makers

DOI10.1016/J.MATHSOCSCI.2006.03.007zbMATH Open1142.91542OpenAlexW2089162882MaRDI QIDQ854112FDOQ854112

Authors: Alexander Ludwig, Alexander Zimper 

Publication date: 7 December 2006

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

Full work available at URL: https://ub-madoc.bib.uni-mannheim.de/2711/1/dp04_31.pdf

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zbMATH Keywords

ambiguityoptimismBayesian updatingChoquet expected utility theorypessimismhyperbolic time-discounting

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity
• Title not available (Why is that?)
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• Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension
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• Risk Attitudes and Decision Weights
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Cited In (7)

• Is there evidence of pessimism and doubt in subjective distributions? Implications for the equity premium puzzle
• A life-cycle model with ambiguous survival beliefs
• Put-call parity and generalized neo-additive pricing rules
• Flexibility of choice versus reduction of ambiguity
• Cash holdings, ambiguity aversion, and investment puzzles
• An exploration of the effects of pessimism and doubt on asset returns.
• How do information ambiguity and timing of contextual information affect managers' goal congruence in making investment decisions in good times vs. bad times?

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