Measuring higher order ambiguity preferences

被引：25

作者：

Baillon, Aurelien ^{[1
]}

Schlesinger, Harris ^{[2
]}

van de Kuilen, Gijs ^{[3
]}

机构：

[1] Erasmus Univ, Rotterdam, Netherlands

[2] Univ Alabama, Tuscaloosa, AL USA

[3] Tilburg Univ, Tilburg, Netherlands

来源：

EXPERIMENTAL ECONOMICS | 2018年 / 21卷 / 02期

关键词：

Higher-order preferences; Prudence; Ambiguity attitude; Risk attitude; RISK-AVERSION; EXPECTED UTILITY; UNCERTAINTY; DECISIONS; REPRESENTATION; ATTITUDES; PRUDENCE; MODEL;

D O I：

10.1007/s10683-017-9542-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 to play an important role in precautionary behavior and the mere presence of ambiguity averse agents in markets. We observe that the majority of individuals' decisions are consistent with ambiguity aversion, ambiguity prudence and ambiguity temperance. This finding confirms the prediction of many popular (specifications of) ambiguity models and has important implications for models of prevention behavior.

引用

页码：233 / 256

页数：24

共 37 条

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