Add to ORKG1Acknowledgments to be added. Ellsbergs experiment is extended to study the association between ambiguity aversion and violation of reduction of compound lotteries. It is shown that the two phenomena are strongly associated. Further analysis reveals two di¤erent forms of association, which correspond to alternative theoretical models that account for ambiguity attitudes. JEL Classi\u85cation: D81, C91
International audienceWe conduct experiments measuring individual behavior under compound risk, simp...
We conduct experiments measuring individual behavior under compound risk, simple risk, and ambiguity...
As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rath...
An extension to Ellsberg's experiment demonstrates that attitudes to ambiguity and compound objectiv...
The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambi...
Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiqui...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
People strictly prefer events with known probabilities to those involving unknown probabilities, eve...
Ambiguity aversion has been used to explain a wide range of phenomena in law and policy: incomplete ...
We present a simple model where preferences with complexity aversion, rather than ambiguity aversion...
Coherent-ambiguity aversion is defined within the (Klibanoff et al., Econometrica 73:1849–1892, 2005...
We consider a risk averse decision maker who dislikes ambiguity as in the Ellsberg urns. We analyze ...
Coherent-ambiguity aversion is defined within the (Klibanoff et al., Econometrica 73:1849–1892, 2005...
International audienceWe conduct experiments measuring individual behavior under compound risk, simp...
We conduct experiments measuring individual behavior under compound risk, simple risk, and ambiguity...
As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rath...
An extension to Ellsberg's experiment demonstrates that attitudes to ambiguity and compound objectiv...
The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambi...
Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiqui...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
Experimental results on the Ellsberg paradox typically reveal behavior that is commonly interpreted ...
People strictly prefer events with known probabilities to those involving unknown probabilities, eve...
Ambiguity aversion has been used to explain a wide range of phenomena in law and policy: incomplete ...
We present a simple model where preferences with complexity aversion, rather than ambiguity aversion...
Coherent-ambiguity aversion is defined within the (Klibanoff et al., Econometrica 73:1849–1892, 2005...
We consider a risk averse decision maker who dislikes ambiguity as in the Ellsberg urns. We analyze ...
Coherent-ambiguity aversion is defined within the (Klibanoff et al., Econometrica 73:1849–1892, 2005...
International audienceWe conduct experiments measuring individual behavior under compound risk, simp...
We conduct experiments measuring individual behavior under compound risk, simple risk, and ambiguity...
As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rath...