Ambiguity aversion is not universal
Assuming universal ambiguity aversion, an extensive theoretical literature studies how ambiguity can account for market anomalies from the perspective of expected utility-based theories. We provide a systematic experimental assessment of ambiguity attitudes in different likelihood ranges, and in the...
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| Hauptverfasser: | , , |
|---|---|
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
2018
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| In: |
European economic review
Year: 2017, Jahrgang: 101, Pages: 268-283 |
| ISSN: | 1873-572X |
| DOI: | 10.1016/j.euroecorev.2017.09.016 |
| Online-Zugang: | Verlag, Volltext: https://doi.org/10.1016/j.euroecorev.2017.09.016 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S001429211730185X |
| Verfasserangaben: | Martin G. Kocher, Amrei Marie Lahno, Stefan T. Trautmann |
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