Measuring higher order ambiguity preferences
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DOI: 10.1007/s10683-017-9542-3
Abstract: We report the results from an experiment designed to measure attitudes towards ambiguity beyond ambiguity aversion. In particular, we implement recently-proposed model-free preference conditions of ambiguity prudence and ambiguity temperance. Ambiguity prudence has been shown… read more here.
Keywords: ambiguity prudence; higher order; order ambiguity; ambiguity ... See more keywords
Measuring ambiguity preferences: A new ambiguity preference survey module
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Risk and Uncertainty"
DOI: 10.1007/s11166-019-09299-0
Abstract: Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly, time-consuming… read more here.
Keywords: ambiguity preference; survey module; preference survey; ambiguity ... See more keywords