More ambiguity aversion or more risk aversion?

DOI10.1007/s40505-022-00227-1zbMath1505.91174OpenAlexW4286494559MaRDI QIDQ2099317

Jian-Kang Zhang

Publication date: 23 November 2022

Published in: Economic Theory Bulletin (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s40505-022-00227-1

zbMATH Keywords

riskambiguityexpected utilityrisk aversionambiguity aversionChoquet expected utilityEllsberg paradoxprobabilistic sophisticationunambiguous eventconvex capacitymultiple-priors modelunambiguous act

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cites Work

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• Ambiguity made precise: A comparative foundation
• Maxmin expected utility with non-unique prior
• Qualitative probabilities on \(\lambda\)-systems
• Subjective ambiguity, expected utility and Choquet expected utility
• Risk, Ambiguity, and the Savage Axioms
• Subjective Probability and Expected Utility without Additivity
• A More Robust Definition of Subjective Probability
• A Definition of Uncertainty Aversion
• Subjective Probabilities on Subjectively Unambiguous Events
• A Definition of Subjective Probability
• Exposition of a New Theory on the Measurement of Risk

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