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Measuring Beliefs Under Ambiguity

This paper presents a simple method to measure the beliefs of a decision-maker with nonneutral ambiguity attitudes. Our method requires three simple choices, is incentive compatible, and allows for risk aversion and deviations from expected utility, including probability weighting and ambiguity aversion. An experiment using two natural sources of uncertainty (the temperature in Rotterdam and in New York City) shows that the model’s estimated beliefs are well calibrated, sensitive to the source of uncertainty, and similar to beliefs estimated by more sophisticated but time-consuming methods.

Ketersediaan

Informasi Detail

Judul Seri

OPERATIONS RESEARCH; Vol.69 No.2 March-April 2021

No. Panggil

-

Penerbit

: .,

Deskripsi Fisik

p. 599 - 612

Bahasa

English

ISBN/ISSN

-

Klasifikasi

-

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

-

Edisi

-

Subjek

AMBIGUITY
BELIEF MEASUREMENT

Info Detail Spesifik

https://doi.org/10.1287/opre.2020.1980

Pernyataan Tanggungjawab

Mohammed Abdellaoui, Han Bleichrodt, Emmanuel Kemel, Olivier l’Haridon

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