1)Ambiguity Aversion模糊厌恶 1.When the degree of the ambiguity was higher,the participants demonstrated ambiguity aversion.具体表现为:模糊程度较高时,被试倾向于模糊厌恶,模糊程度较低时倾向于模糊寻求。 2)risk aversion model风险厌恶模型 1.The economical meaning of risk aversion degree is presented and ...
具体表现为:模糊程度较高时,被试倾向于模糊厌恶,模糊程度较低时倾向于模糊寻求。 2) risk aversion model 风险厌恶模型 1. The economical meaning of risk aversion degree is presented and a new method,called geometric method,to determine an optimal portfolio is given by means of study the solutions of...
OPTIMAL EMPLOYEE OWNERSHIP CONTRACTS UNDER AMBIGUITY AVERSION those grounded in the relationship between the Federal Government and the States under our Constitution." (28) The statutory ambiguity therefore "derive [d] from the improbably broad reach of the key statutory definition given the term--'ch...
We empirically show that sample information not only moderates prospects’ outcome ambiguity but also decision makers’ revealed aversion of them
(Note that the potentially diverging risk attitudes and beliefs of the individuals in the ranked distributions are however ignored.12) Fifth, it will be assumed that aversion to ambiguity can be a perfectly reasonable form of risk aversion; thus, I shall assume that people behind the veil can ...
1. Aversion2. Catastrophizing3. ConfusionEmotional4. Anger5. Comfort/Discomfort6. Stress7. Worry/Anxiety Behavioral8. Disclosure/Non-disclosureUnspecified9. Tolerance 2. Error 3. Incompleteness 4. Insolubility 5. Uncertainty (unspecified) 3. MAT50; Norton (1975)61 items Information marked by vague...
Intolerance of ambiguity is the aversion to this lack of information, whereas ambiguity tolerance is the degree of acceptance of, or even attraction to, this lack of information. Preliminary validation of the Spanish version of the multiple stimulus types ambiguity tolerance scale (MSTAT-II) Ambigui...
Aversion to Ambiguity Regarding Medical Tests and Treatments: Measurement, Prevalence, and Relationship to Sociodemographic Factors Aversion to "ambiguity"—uncertainty about the reliability, credibility, or adequacy of risk-related information—is an important problem that may influenc... PKJ Han,BB Reeve...
Ambiguity aversion and the equity premium puzzle: A re-examination of experimental data on repeated gambles Benartzi and Thaler [Benartzi, S., Thaler, R.H. (1999). Risk aversion or myopia? Choices in repeated gambles and retirement investments. Management Science... JA Aloysius - Journal of So...
These results allow us to interpret relevant measures as reflecting part of perceived ambiguity, meaning subjective uncertainty about probabilities over states. Under mild conditions, we show that increases or decreases in ambiguity aversion cannot affect the relevant measures. This property, necessary for...