Ambiguity aversion and optimal derivative-based pension investment with stochastic income and volatility
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2018.01.023
Abstract: Abstract This paper provides a derivative-based optimal investment strategy for an ambiguity-adverse pension investor who faces not only risks from time-varying income and market return volatility but also uncertain economic conditions over a long time… read more here.
Keywords: volatility; investment; ambiguity aversion; derivative based ... See more keywords
Ambiguity aversion in career decision-making: Its longitudinal prediction for college career outcomes.
Sign Up to like & getrecommendations! Published in 2019 at "Journal of counseling psychology"
DOI: 10.1037/cou0000379
Abstract: Although previous research has revealed the role of ambiguity aversion in the career decision-making process, little is known about how ambiguity aversion predicts subsequent career decision-making outcomes. Using a sample of U.S. college students (n… read more here.
Keywords: career decision; career; ambiguity aversion; college ... See more keywords
Pessimistic outcome expectancy does not explain ambiguity aversion in decision-making under uncertainty
Sign Up to like & getrecommendations! Published in 2019 at "Scientific Reports"
DOI: 10.1038/s41598-019-48707-y
Abstract: When faced with a decision, most people like to know the odds and prefer to avoid ambiguity. It has been suggested that this aversion to ambiguity is linked to people’s assumption of worst possible outcomes.… read more here.
Keywords: decision; pessimistic outcome; explain ambiguity; ambiguity aversion ... See more keywords
Communication of Scientific Uncertainty about a Novel Pandemic Health Threat: Ambiguity Aversion and Its Mechanisms
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DOI: 10.1080/10810730.2018.1461961
Abstract: Communicating scientific uncertainty about public health threats is ethically desirable but challenging due to its tendency to promote avoidance of choice options with unknown probabilities—a phenomenon known as “ambiguity aversion.” This study examined this phenomenon’s… read more here.
Keywords: health; scientific uncertainty; ambiguity aversion; uncertainty ... See more keywords
Ambiguity Aversion and the Variance Premium
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DOI: 10.1142/s2010139219500034
Abstract: This paper offers an ambiguity-based interpretation of the variance premium — the difference between risk-neutral and objective expectations of market return variance — as a compounding effect of both belief distortion and variance differential regarding the uncertain… read more here.
Keywords: premium; ambiguity aversion; variance; variance premium ... See more keywords