نتایج جستجو برای: information ambiguity aversion
تعداد نتایج: 1179243 فیلتر نتایج به سال:
We replicate the essentials of the Huettel et al. (2006) experiment on choice under uncertainty with 30 Yale undergraduates, where subjects make 200 pairwise choices between risky and ambiguous lotteries. Inferences about the independence of economic preferences for risk and ambiguity are derived from estimation of a mixed logit model, where the choice probabilities are functions of two random ...
Testosterone is positively associated with risk-taking behavior in social domains (e.g., crime, physical aggression). However, the scant research linking testosterone to economic risk preferences presents inconsistent findings. We examined the relationship between endogenous testosterone and individuals' economic preferences (i.e., risk preference, ambiguity preference, and loss aversion) in a ...
Abstract We analyze the impact of risk aversion and ambiguity on competing demands for annuities bequeathable savings using a lifecycle recursive utility model. Our main finding is that have similar effects: an increase in either two reduces annuity demand enhances bond holdings. obtain this unequivocal result flexible intertemporal framework Hayashi Miao (2011) by assuming agent’s preferences ...
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