create a website

Uncertainty and compound lotteries: calibration. (2022). Ozdenoren, Emre ; Halevy, Yoram.
In: Economic Theory.
RePEc:spr:joecth:v:74:y:2022:i:2:d:10.1007_s00199-022-01453-1.

Full description at Econpapers || Download paper

Cited: 2

Citations received by this document

Cites: 43

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Second-Order Representations: A Bayesian Approach. (2024). Evren, Ozgur.
    In: Working Papers.
    RePEc:abo:neswpt:w0291.

    Full description at Econpapers || Download paper

  2. Introduction to the special issue in honor of Larry Epstein. (2022). Miao, Jianjun.
    In: Economic Theory.
    RePEc:spr:joecth:v:74:y:2022:i:2:d:10.1007_s00199-022-01450-4.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abdellaoui, M., Klibanoff, P., Placido, L.: Experiments on compound risk in relation to simple risk and to ambiguity. Manag. Sci. 61(6), 1306–1322 (2015).

  2. Abdellaoui, M., Zank, H.: Source and rank-dependent utility. Econ. Theory (2022). https://doi.org/10.1007/s00199-022-01434-4 .
    Paper not yet in RePEc: Add citation now
  3. Ahn, D.S.: Ambiguity without a state space. Rev. Econ. Stud. 75, 3–28 (2008).

  4. Anscombe, F.J., Aumann, R.J.: A definition of subjective probability. Ann. Math. Stat. 34(1), 199–205 (1963).
    Paper not yet in RePEc: Add citation now
  5. Baillon, A., Halevy, Y., Li, C.: Randomize at your own risk: on the observability of ambiguity aversion. Econometrica 90(3), 1085–1107 (2022). https://doi.org/10.3982/ECTA18137 .

  6. Casadesus-Masanell, R., Klibanoff, P., Ozdenoren, E.: Maxmin expected utility over savage acts with a set of priors. J. Econ. Theory 92, 35–65 (2000).

  7. Cerreia-Vioglio, S., Dillenberger, D., Ortoleva, P.: Cautious expected utility and the certainty effect. Econometrica 83(2), 693–728 (2015).

  8. Chew, S.H., Miao, B., Zhong, S.: Partial ambiguity. Econometrica 85(4), 1239–1260 (2017).
    Paper not yet in RePEc: Add citation now
  9. Chew, S.H., Sagi, J.S.: Event exchangeability: probabilistic sophistication without continuity or monotonicity. Econometrica 74(3), 771–786 (2006).

  10. Chew, S.H., Sagi, J.S.: Small worlds: modeling attitudes toward sources of uncertainty. J. Econ. Theory 139(1), 1–24 (2008).

  11. Dean, M., Ortoleva, P.: The empirical relationship between nonstandard economic behaviors. Proc. Natl. Acad. Sci. USA 116(33), 16262–16267 (2019).
    Paper not yet in RePEc: Add citation now
  12. Denti, T., Pomatto, L.: Model and predictive uncertainty: a foundation for smooth ambiguity preferences. Econometrica 90(2), 551–584 (2022).

  13. Dillenberger, D.: Preferences for one-shot resolution of uncertainty and Allais-type behavior. Econometrica 78(6), 1973–2004 (2010).
    Paper not yet in RePEc: Add citation now
  14. Ellsberg, D.: Risk, ambiguity and the savage axioms. Q. J. Econ. 75(4), 643–669 (1961).

  15. Epstein, L.G., Halevy, Y.: Ambiguous correlation. Rev. Econ. Stud. 86, 668–693 (2019).

  16. Epstein, L.G.: “A paradox for the ‘smooth ambiguity’ model of preference. Econometrica 78(6), 2085–2099 (2010).
    Paper not yet in RePEc: Add citation now
  17. Epstein, L.G.: A definition of uncertainty aversion. Rev. Econ. Stud. 66, 579–608 (1999).

  18. Ergin, H., Gul, F.: A theory of subjective compound lotteries. J. Econ. Theory 144(3), 899–929 (2009).

  19. Evren, O.: Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity. Games Econ. Behav. 114, 285–307 (2019).

  20. Gilboa, I., Schmeidler, D.: Maxmin expected utility with a non-unique prior. J. Math. Econ. 18, 141–153 (1989).

  21. Gillen, B., Snowberg, E., Yariv, L.: Experiments with measurement error: techniques with applications to the caltech cohort study. J. Polit. Econ. 127(4), 1826–1863 (2019).

  22. Grant, S.: Subjective probability without monotonicity: or how Machina’s mom may also be probabilistically sophisticated. Econometrica 63(1), 159–189 (1995).

  23. Gul, F., Wolfgang, P.: Evaluating ambiguous random variables from Choquet to maxmin expected utility. J. Econ. Theory 192, 105129 (2021).

  24. Halevy, Y., Feltkamp, V.: A Bayesian approach to uncertainty aversion. Rev. Econ. Stud. 72(2), 449–466 (2005).

  25. Halevy, Y.: Ellsberg Revisited: an Experimental Study. Econometrica 75(2), 503–536 (2007).

  26. Kahneman, D., Tversky, A.: Value theory: an analysis of choice under risk, mimeo of a paper presented at a Conference on Public Economics, Jerusalem (1975).
    Paper not yet in RePEc: Add citation now
  27. Ke, S., Zhang, Q.: Randomization and ambiguity aversion. Econometrica 88(3), 1159–1195 (2020).

  28. Klibanoff, P., Marinacci, M., Mukerji, S.: A smooth model of decision making under ambiguity. Econometrica 73(6), 1849–1892 (2005).

  29. Klibanoff, P., Ozdenoren, E.: Subjective recursive expected utility. Econ. Theory 30, 49–87 (2007). https://doi.org/10.1007/s00199-005-0041-y .

  30. Kreps, D.M., Porteus, E.L.: Temporal resolution of uncertainty and dynamic choice theory. Econometrica 46(1), 185–200 (1978).

  31. Letsou, C., Naeh, S., Segal, U.: All probabilities are equal, but some probabilities are more equal than others. Econ. Theory (2022). https://doi.org/10.1007/s00199-022-01427-3 .

  32. Machina, M.J., Schmeidler, D.: A more robust definition of subjective probability. Econometrica 60(4), 745–780 (1992).

  33. Machina, M.J., Schmeidler, D.: Bayes without Bernoulli: simple conditions for probabilistically sophisticated choice. J. Econ. Theory 67, 106–128 (1995).

  34. Nau, R.F.: Uncertainty aversion with second-order utilities and probabilities. Manag. Sci. 52(1), 136–145 (2006).

  35. Robson, A.J.: A biological basis for expected and non-expected utility. J. Econ. Theory 68, 397–424 (1996).

  36. Saito, K.: Preferences for flexibility and randomization under uncertainty. Am. Econ. Rev. 105(3), 1246–1271 (2015).

  37. Sarin, R., Wakker, P.: A single stage approach to Anscombe and Aumann’s expected utility. Rev. Econ. Stud. 64(3), 399–409 (1997).

  38. Savage, L.J.: The Foundations of Statistics. Wiley, New York. Revised and enlarged edition (1972), Dover, New York (1954).
    Paper not yet in RePEc: Add citation now
  39. Segal, U.: The Ellsberg paradox and risk aversion: an anticipated utility approach. Int. Econ. Rev. 28(1), 175–202 (1987).

  40. Segal, U.: Two-stage lotteries without the reduction axiom. Econometrica 58(2), 349–377 (1990).

  41. Seo, K.: Ambiguity and second-order belief. Econometrica 77(5), 1575–1605 (2009).

  42. Smith, V.L.: Measuring nonmonetary utilities in uncertain choices: the Ellsberg urn. Q. J. Econ. 83(2), 324–329 (1969).

  43. Tversky, A., Wakker, P.: Risk attitudes and decision weights. Econometrica 63(6), 1255–1280 (1995).

Cocites

Documents in RePEc which have cited the same bibliography

  1. The Transfer Performance of Economic Models. (2025). Fudenberg, Drew ; Andrews, Isaiah ; Wu, Chaofeng ; Liang, Annie.
    In: Papers.
    RePEc:arx:papers:2202.04796.

    Full description at Econpapers || Download paper

  2. Allocation Mechanisms with Mixture-Averse Preferences. (2024). Segal, Uzi ; Dillenberger, David.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:1065.

    Full description at Econpapers || Download paper

  3. Eliciting ambiguity with mixing bets. (2024). Schmidt, Patrick.
    In: Papers.
    RePEc:arx:papers:1902.07447.

    Full description at Econpapers || Download paper

  4. Randomization advice and ambiguity aversion. (2023). Kuzmics, Christoph ; Zhang, Xiannong ; Rogers, Brian W.
    In: Graz Economics Papers.
    RePEc:grz:wpaper:2023-01.

    Full description at Econpapers || Download paper

  5. Three layers of uncertainty. (2022). Bosetti, Valentina ; Berger, Loïc ; Liu, Ning ; Aydogan, Ilke.
    In: Working Papers.
    RePEc:hal:wpaper:hal-03031751.

    Full description at Econpapers || Download paper

  6. Comparing ambiguous urns with different sizes. (2022). Ozbay, Erkut ; Masatlioglu, Yusufcan ; Gulen, Huseyin ; Filiz-Ozbay, Emel.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:199:y:2022:i:c:s0022053121000417.

    Full description at Econpapers || Download paper

  7. Ignorance illusion in decisions under risk: The impact of perceived expertise on probability weighting. (2022). Goeddemenke, Michael ; Baars, Maren.
    In: Journal of Risk & Insurance.
    RePEc:bla:jrinsu:v:89:y:2022:i:1:p:35-62.

    Full description at Econpapers || Download paper

  8. Uncertainty and Compound Lotteries: Calibration. (2021). Ozdenoren, Emre ; Halevy, Yoram.
    In: Working Papers.
    RePEc:tor:tecipa:tecipa-713.

    Full description at Econpapers || Download paper

  9. Experimental elicitation of ambiguity attitude using the random incentive system. (2021). Halevy, Yoram ; Baillon, Aurelien ; Li, Chen.
    In: Working Papers.
    RePEc:tor:tecipa:tecipa-711.

    Full description at Econpapers || Download paper

  10. Fighting Fire with Fire - Overcoming Ambiguity Aversion by Introducing more Ambiguity. (2021). Fahr, Rene ; van Straaten, Dirk.
    In: Working Papers Dissertations.
    RePEc:pdn:dispap:73.

    Full description at Econpapers || Download paper

  11. Learning under uncertainty with multiple priors: experimental investigation. (2021). Rosokha, Yaroslav ; Bland, James.
    In: Journal of Risk and Uncertainty.
    RePEc:kap:jrisku:v:62:y:2021:i:2:d:10.1007_s11166-021-09351-y.

    Full description at Econpapers || Download paper

  12. Reacting to ambiguous messages: An experimental analysis. (2020). Riener, Gerhard ; Quement, Mark Thordal-Le ; Kellner, Christian.
    In: DICE Discussion Papers.
    RePEc:zbw:dicedp:357.

    Full description at Econpapers || Download paper

  13. Econographics. (2020). Camerer, Colin ; Ortoleva, Pietro ; Dean, Mark ; Chapman, Jonathan ; Snowberg, Erik.
    In: Working Papers.
    RePEc:pri:econom:2020-75.

    Full description at Econpapers || Download paper

  14. No moral wiggles in e5 and e1,000 dictator games under ambiguity. (2020). Kovářík, Jaromír ; Brañas-Garza, Pablo ; Braas-Garza, Pablo ; del Carmen, Maria ; Kovaik, Jaromir.
    In: MPRA Paper.
    RePEc:pra:mprapa:98132.

    Full description at Econpapers || Download paper

  15. Are Policymakers Ambiguity Averse?. (2020). Bosetti, Valentina ; Berger, Loïc.
    In: Post-Print.
    RePEc:hal:journl:hal-03027138.

    Full description at Econpapers || Download paper

  16. Altering Wait Time Information to Reduce A&E Overcrowding. (2020). Kaplan, Todd ; Chakravarty, Surajeet ; Mustafee, Navonil.
    In: Discussion Papers.
    RePEc:exe:wpaper:2003.

    Full description at Econpapers || Download paper

  17. Behavioral economic phenomena in decision-making for others. (2020). Zarghamee, Homa ; Ifcher, John.
    In: Journal of Economic Psychology.
    RePEc:eee:joepsy:v:77:y:2020:i:c:s0167487018306500.

    Full description at Econpapers || Download paper

  18. Innovate versus imitate: Theory and experimental evidence. (2020). Duffy, John ; Ralston, Jason.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:177:y:2020:i:c:p:727-751.

    Full description at Econpapers || Download paper

  19. Uncertainty aversion in game theory: Experimental evidence. (2020). Calford, Evan.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:176:y:2020:i:c:p:720-734.

    Full description at Econpapers || Download paper

  20. Experimental evidence on personality traits and preferences. (2020). Sayour, Nagham ; Laszlo, Sonia ; Englewarnick, Jim.
    In: Bulletin of Economic Research.
    RePEc:bla:buecrs:v:72:y:2020:i:3:p:288-317.

    Full description at Econpapers || Download paper

  21. Incentives or Persuasion? An Experimental Investigation. (2019). Coricelli, Giorgio ; Aristidou, Andreas ; Vostroknutov, Alexander.
    In: Research Memorandum.
    RePEc:unm:umagsb:2019012.

    Full description at Econpapers || Download paper

  22. An Experimental Test of the Anscombe–Aumann Monotonicity Axiom. (2019). Schneider, Florian ; Schonger, Martin.
    In: Management Science.
    RePEc:inm:ormnsc:v:65:y:2019:i:4:p:1667-1677.

    Full description at Econpapers || Download paper

  23. The Way People Lie in Markets. (2019). Villeval, Marie Claire ; Tergiman, Chloe.
    In: Working Papers.
    RePEc:hal:wpaper:halshs-02292040.

    Full description at Econpapers || Download paper

  24. Is Ellsberg behavior evidence of ambiguity aversion?. (2019). Kuzmics, Christoph ; Zhang, Xiannong ; Rogers, Brian W.
    In: Graz Economics Papers.
    RePEc:grz:wpaper:2019-07.

    Full description at Econpapers || Download paper

  25. The Way People Lie in Markets. (2019). Villeval, Marie Claire ; Tergiman, Chloe.
    In: Working Papers.
    RePEc:gat:wpaper:1927.

    Full description at Econpapers || Download paper

  26. Recursive non-expected utility: Connecting ambiguity attitudes to risk preferences and the level of ambiguity. (2019). Evren, Ozgur.
    In: Games and Economic Behavior.
    RePEc:eee:gamebe:v:114:y:2019:i:c:p:285-307.

    Full description at Econpapers || Download paper

  27. Ambiguity Attitudes about Investments: Evidence from the Field. (2019). Peijnenburg, Kim ; Mitchell, Olivia ; Kouwenberg, Roy ; Anantanasuwong, Kanin.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13518.

    Full description at Econpapers || Download paper

  28. Ambiguous Correlation. (2018). Halevy, Yoram ; Epstein, Larry.
    In: Microeconomics.ca working papers.
    RePEc:ubc:pmicro:yoram_halevy-2017-2.

    Full description at Econpapers || Download paper

  29. Measuring higher order ambiguity preferences. (2018). Kuilen, Gijs ; Baillon, Aurelien ; Schlesinger, Harris ; van De, Gijs.
    In: Experimental Economics.
    RePEc:kap:expeco:v:21:y:2018:i:2:d:10.1007_s10683-017-9542-3.

    Full description at Econpapers || Download paper

  30. Impact of Compound and Reduced Specification on Valuation of Projects with Multiple Risks. (2018). Rosokha, Yaroslav ; Bansal, Saurabh.
    In: Decision Analysis.
    RePEc:inm:ordeca:v:15:y:2018:i:1:p:27-46.

    Full description at Econpapers || Download paper

  31. Three layers of uncertainty: an experiment. (2018). Bosetti, Valentina ; Berger, Loïc ; Liu, Ning ; Aydogan, Ilke.
    In: Working Papers.
    RePEc:igi:igierp:623.

    Full description at Econpapers || Download paper

  32. Three Layers of Uncertainty: an Experiment. (2018). Bosetti, Valentina ; Liu, Ning ; Berger, Loc ; Aydogan, Ilke.
    In: Working Papers.
    RePEc:fem:femwpa:2018.24.

    Full description at Econpapers || Download paper

  33. The price for instrumentally valuable information. (2018). Bricet, Roxane.
    In: THEMA Working Papers.
    RePEc:ema:worpap:2018-10.

    Full description at Econpapers || Download paper

  34. How do people reduce compound lotteries?. (2018). Hajimoladarvish, Narges.
    In: Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
    RePEc:eee:soceco:v:75:y:2018:i:c:p:126-133.

    Full description at Econpapers || Download paper

  35. Ambiguity aversion in buyer-seller relationships: A contingent-claims and social network explanation. (2018). Gao, Yongling ; Driouchi, Tarik ; Bennett, David J.
    In: International Journal of Production Economics.
    RePEc:eee:proeco:v:200:y:2018:i:c:p:50-67.

    Full description at Econpapers || Download paper

  36. Ambiguity aversion is not universal. (2018). Trautmann, Stefan ; Kocher, Martin ; Lahno, Amrei Marie.
    In: European Economic Review.
    RePEc:eee:eecrev:v:101:y:2018:i:c:p:268-283.

    Full description at Econpapers || Download paper

  37. Econographics. (2018). Ortoleva, Pietro ; Chapman, Jonathan ; Camerer, Colin ; Dean, Mark ; Snowberg, Erik.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7202.

    Full description at Econpapers || Download paper

  38. An experimental test of the Anscombe-Aumann Monotonicity axiom. (2017). Schneider, Florian ; Schonger, Martin.
    In: ECON - Working Papers.
    RePEc:zur:econwp:207.

    Full description at Econpapers || Download paper

  39. The valuation “by-tranche” of composite investment instruments. (2017). Sonsino, Doron ; Shavit, Tal ; Rosenboim, Mosi.
    In: Theory and Decision.
    RePEc:kap:theord:v:82:y:2017:i:3:d:10.1007_s11238-016-9567-7.

    Full description at Econpapers || Download paper

  40. First-Order and Second-Order Ambiguity Aversion. (2017). Lang, Matthias.
    In: Management Science.
    RePEc:inm:ormnsc:v:63:y:2017:i:4:p:1254-1269.

    Full description at Econpapers || Download paper

  41. Cautious and Globally Ambiguity Averse. (2017). Evren, Ozgur.
    In: Working Papers.
    RePEc:cfr:cefirw:w0236.

    Full description at Econpapers || Download paper

  42. Ambiguous Correlation. (2017). Halevy, Yoram ; Epstein, Larry.
    In: Boston University - Department of Economics - Working Papers Series.
    RePEc:bos:wpaper:wp2017-006.

    Full description at Econpapers || Download paper

  43. Cautious and Globally Ambiguity Averse. (2017). Evren, Ozgur.
    In: Working Papers.
    RePEc:abo:neswpt:w0236.

    Full description at Econpapers || Download paper

  44. Learning under compound risk vs. learning under ambiguity – an experiment. (2016). Rosokha, Yaroslav ; Moreno Gonzalez, Othon.
    In: Journal of Risk and Uncertainty.
    RePEc:kap:jrisku:v:53:y:2016:i:2:d:10.1007_s11166-017-9250-6.

    Full description at Econpapers || Download paper

  45. The Rich Domain of Risk. (2016). TREICH, Nicolas ; Armantier, Olivier.
    In: Management Science.
    RePEc:inm:ormnsc:v:62:y:2016:i:7:p:1954-1969.

    Full description at Econpapers || Download paper

  46. Ellsberg re-revisited: An experiment disentangling model uncertainty and risk aversion. (2016). Bosetti, Valentina ; Berger, Loic.
    In: Working Papers.
    RePEc:igi:igierp:576.

    Full description at Econpapers || Download paper

  47. Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion. (2016). Bosetti, Valentina ; Berger, Loïc.
    In: Working Papers.
    RePEc:fem:femwpa:2016.37.

    Full description at Econpapers || Download paper

  48. Comparing decisions under compound risk and ambiguity: The importance of cognitive skills. (2016). Prokosheva, Sasha .
    In: Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
    RePEc:eee:soceco:v:64:y:2016:i:c:p:94-105.

    Full description at Econpapers || Download paper

  49. Ambiguity aversion and household portfolio choice puzzles: Empirical evidence. (2016). Peijnenburg, Kim ; Mitchell, Olivia ; Kouwenberg, Roy ; Dimmock, Stephen.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:119:y:2016:i:3:p:559-577.

    Full description at Econpapers || Download paper

  50. Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion. (2016). Bosetti, Valentina ; Berger, Loïc.
    In: MITP: Mitigation, Innovation and Transformation Pathways.
    RePEc:ags:feemmi:236239.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-02 00:50:10 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.