Estimating ambiguity aversion in a portfolio choice experiment
نویسندگان
چکیده
منابع مشابه
Estimating Ambinguity Aversion in a Portfolio Choice Experiment Estimating Ambiguity Aversion in a Portfolio Choice Experiment *
We report a laboratory experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. We use two main specifications, a “kinked” specification that nests Maxmin Expected Utility, Choquet Expected Utility, αMaxmin Expected Utility, and Contraction Expected Utility and a “smooth” specification that nests the various theories referred to coll...
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ژورنال
عنوان ژورنال: Quantitative Economics
سال: 2014
ISSN: 1759-7323
DOI: 10.3982/qe243