Ambiguity aversion behind the veil of ignorance
نویسندگان
چکیده
منابع مشابه
Behind the Veil of Ignorance: Risk Aversion or Inequality Aversion?
This paper successfully decomposes risk attitude and social preference behind the veil of ignorance. Using a novel experiment wherein subjects move graphically along a slider to divide a pie of money between high and low reward in both lottery and VoI treatments, we are able to collect rich data sets at individual level. We check individual preference characteristics including consistency and h...
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This paper uses theory and experiments to study situations in which individuals make choices for themselves and for others in situations intended to resemble what Rawls and Harsanyi would describe as “behind the veil of ignorance.” Theory suggests a (surprisingly overlooked) decomposition of choices behind the veil of ignorance into choices in more familiar altruistic and risk environments. Our...
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This article argues that the decision problem in the original position should be characterized as a decision problem under uncertainty even when it is assumed that the denizens of the original position know that they have an equal chance of ending up in any given individual’s place. It supports this claim by arguing that (a) the continuity axiom of decision theory does not hold between all of t...
متن کاملAmbiguity Aversion and Comparative Ignorance
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متن کاملAmbiguity Aversion , Comparative Ignorance , and Decision Context
People typically find bets less attractive when the probability of receiving a prize is more vague or ambiguous (Ellsberg, 1961). According to Fox & Tverskys (1995) comparative ignorance hypothesis, ambiguity aversion is driven by the comparison with more familiar events or more knowledgeable individuals, and diminishes or disappears in the absence of such a comparison. In this paper we emphas...
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ژورنال
عنوان ژورنال: Synthese
سال: 2019
ISSN: 0039-7857,1573-0964
DOI: 10.1007/s11229-019-02455-8