منابع مشابه
Estimating Aversion to Uncertainty
It is intuitive that decision-makers might have attitudes towards uncertainty just as they might have attitudes towards risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We estimate the extent of uncertainty aversion in a manner that is parsimonious and consistent with theory. We demonstrate that one can jointly estimate attitudes...
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conducted at the University of British Colombia. These studies have used the gradual fill methods proposed by the American Veterinary Medical Association (AVMA) in an attempt to further clarify aversion associated with carbon dioxide. We have contacted the authors of this work and understand that they will also be responding to Dr Wood’s letter. Therefore, we will leave the discussion of these ...
متن کاملInequality aversion and risk aversion
This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...
متن کاملAlcohol reduces aversion to ambiguity
Several years ago, Cohen et al. (1958) demonstrated that under the influence of alcohol drivers became more risk prone, although their risk perception remained unchanged. Research shows that ambiguity aversion is to some extent positively correlated with risk aversion, though not very highly (Camerer and Weber, 1992). The question addressed by the present research is whether alcohol reduces amb...
متن کاملAmbiguity Aversion as a Reason to Choose Tournaments Ambiguity Aversion as a Reason to Choose Tournaments *
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. When output distributions are uncertain, models of ambiguity aversion suggest that tournaments may become more attractive than independent wage contracts, in contrast to the case where output distributions are known. We do so by presenting agents with a choice between tournaments and independent co...
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ژورنال
عنوان ژورنال: Queue
سال: 2021
ISSN: 1542-7730,1542-7749
DOI: 10.1145/3454122.3458680