English, Article, Journal or magazine article edition: Ellsberg Revisited: an Experimental Study Halevy, Yoram

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Bookmark: http://trove.nla.gov.au/version/39869
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Ellsberg Revisited: an Experimental Study
Author
  • Halevy, Yoram
Physical Description
  • preprint
Notes
  • An extension to Ellsberg's experiment demonstrates that attitudes to ambiguity and compound objective lotteries are tightly associated. The sample is decomposed into three main groups: subjective expected utility subjects - who reduce compound objective lotteries and are ambiguity neutral, and two groups that exhibit different forms of association between preferences over compound lotteries and ambiguity - corresponding to alternative theoretical models that account for ambiguity averse or seeking behavior.
  • Uncertainty Aversion, Probabilistic Sophistication, Reduction of Compound Lotteries, Non-Expected Utility, Maxmin Expected Utility, Anticipated Utilit
  • RePEc:ubc:pmicro:halevy-05-07-26-11-51-13
Language
  • English
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