Career concerns and ambiguity aversion

被引：4
|
作者：
Rasmusen, Eric [1 ]
机构：
[1] Indiana Univ, Dept Business Econ & Publ Policy, Kelley Sch Business, Bloomington, IN 47405 USA
来源：
ECONOMICS LETTERS | 2010年 / 108卷 / 02期
关键词：
Ambiguity; Ellsberg paradox; Career concerns; UNCERTAINTY; INFORMATION; RISK;
D O I：
10.1016/j.econlet.2010.04.028
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Why do people have ambiguity aversion, preferring, a gamble with a 50% chance of success to one whose expected probability of success is 50% but where that 50% is an unbiased estimate? The answer modelled here, in the spirit of the career concerns literature, is learning: a risk-averse person does not wish observers to learn whether he is good or bad at estimating probabilities. He therefore prefers a gamble with objective probabilities. (C) 2010 Published by Elsevier B.V.
引用
收藏
页码：175 / 177
页数：3
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