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1“...textabstractIn most medical decisions, probabilities are ambiguous and not objectively known. Empirical evidence suggests that people's preferences are...”
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2by Etner, Johanna Jeleva, Meglena Tallon, Jean‐Marc Published in Journal of economic surveys (01.04.2012)“...We review recent advances in the field of decision making under uncertainty or ambiguity. We start with a presentation of the general approach to a decision...”
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3by Harrison, Glenn W Harrison, Glenn W Rutström, E Elisabet Rutström, E Elisabet Published in Experimental Economics (01.06.2009)“...Choice behavior is typically evaluated by assuming that the data is generated by one latent decision-making process or another. What if there are two (or more)...”
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4by Mohammed Abdellaoui Aurélien Baillon Laetitia Placido Peter P. Wakker Published in The American economic review (01.04.2011)“...We often deal with uncertain events for which no probabilities are known. Several normative models have been proposed. Descriptive studies have usually been...”
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5by Sunstein, Cass R Zeckhauser, Richard“...When risks threaten, cognitive mechanisms bias people toward action or inaction. Fearsome risks are highly available. The availability bias tells us that this...”
edited by Folmer, Henk Johansson-Stenman, Olof
Published in Environmental & resource economics (01.03.2011)
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6by Baillon, Aurelien Schlesinger, Harris van de Kuilen, Gijs Published in Experimental economics : a journal of the Economic Science Association (01.06.2018)“...We report the results from an experiment designed to measure attitudes towards ambiguity beyond ambiguity aversion. In particular, we implement...”
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7by CHARLES N. NOUSSAIR STEFAN T. TRAUTMANN GIJS VAN DE KUILEN Published in The Review of economic studies (01.01.2014)“...We study the prevalence of the higher order risk attitudes of prudence and temperance in an experiment with a large demographically representative sample of...”
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8by Nicholas C. Barberis Published in The Journal of economic perspectives (01.01.2013)“...In 1979, Daniel Kahneman and Amos Tversky, published a paper in Econometrica titled “Prospect Theory: An Analysis of Decision under Risk.” The paper presented...”
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9“...Risk aversion—but also the higher-order risk preferences of prudence and temperance—are fundamental concepts in the study of economic decision making. We...”
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10by Marco Caliendo Frank M. Fossen Alexander S. Kritikos Published in Small business economics (01.02.2009)“...The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts...”
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11by Itzhak Gilboa Andrew W. Postlewaite David Schmeidler Published in The Journal of economic perspectives (01.07.2008)“...Economic modeling assumes, for the most part, that agents are Bayesian, that is, that they entertain probabilistic beliefs, objective or subjective, regarding...”
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12“...This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty. Our estimates display...”
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13“...Decisions about how to share resources with others often need to be taken under uncertainty regarding its allocational consequences. Although risk preferences...”
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14by Benth, Fred Espen Cartea, Álvaro Kiesel, Rüdiger Published in Journal of banking & finance (01.10.2008)“...In this paper we provide a framework that explains how the market risk premium, defined as the difference between forward prices and spot forecasts, depends on...”
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15by l’Haridon, Olivier Vieider, Ferdinand M Aycinena, Diego Bandur, Agustinus Belianin, Alexis Cingl, Lubomír Kothiyal, Amit Martinsson, Peter Published in The review of economics and statistics (01.10.2018)“...Ambiguity attitudes have been prominently used in economic models, but we still know little about their demographic correlates or their generalizability beyond...”
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16by Hans-Martin von Gaudecker Arthur van Soest Erik Wengström Published in The American economic review (01.04.2011)“...We analyze risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch respondents. Our econometric model incorporates...”
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17“...We develop a general equilibrium model of government policy choice in which stock prices respond to political news. The model implies that political...”
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18by Kleinberg, Jon Lakkaraju, Himabindu Leskovec, Jure Ludwig, Jens Mullainathan, Sendhil Published in The Quarterly journal of economics (01.02.2018)“...Abstract Can machine learning improve human decision making? Bail decisions provide a good test case. Millions of times each year, judges make jail-or-release...”
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19“...Using the news-based measure of Baker et al. [Baker SR, Bloom N, Davis SJ (2013) Measuring economic policy uncertainty. Working paper, Stanford University,...”
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20“...A large strand of research has identified when (i) a single risk is undesirable and (ii) two independent risks aggravate each other. We extend this line of...”