What Price Ambiguity? or the Role of Ambiguity in Decision-Making
1964; University of Chicago Press; Volume: 72; Issue: 1 Linguagem: Inglês
10.1086/258854
ISSN1537-534X
AutoresSelwyn W. Becker, Fred O. Brownson,
Tópico(s)Capital Investment and Risk Analysis
ResumoPrevious articleNext article No AccessWhat Price Ambiguity? or the Role of Ambiguity in Decision-MakingSelwyn W. Becker, and Fred O. BrownsonSelwyn W. Becker, and Fred O. BrownsonPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 72, Number 1Feb., 1964 Article DOIhttps://doi.org/10.1086/258854 Views: 83Total views on this site Citations: 191Citations are reported from Crossref Copyright 1964 The University of ChicagoPDF download Crossref reports the following articles citing this article:Candace M. Raio, Benjamin B. Lu, Michael Grubb, Grant S. Shields, George M. Slavich, Paul Glimcher Cumulative lifetime stressor exposure assessed by the STRAIN predicts economic ambiguity aversion, Nature Communications 13, no.11 (Mar 2022).https://doi.org/10.1038/s41467-022-28530-2Nana Liu, Guohua Zhou ANALYSIS OF COLLABORATIVE INNOVATION BEHAVIOR OF MEGAPROJECT PARTICIPANTS UNDER THE REWARD AND PUNISHMENT MECHANISM, International Journal of Strategic Property Management 26, no.33 (Aug 2022): 241–257.https://doi.org/10.3846/ijspm.2022.17151Richard J. Arend Strategic decision-making under ambiguity: insights from exploring a simple linked two-game model, Operational Research 50 (Jul 2022).https://doi.org/10.1007/s12351-022-00728-8Sergio Torres-Martínez Metaphors are embodied otherwise they would not be metaphors, Linguistics Vanguard 0, no.00 (Jun 2022).https://doi.org/10.1515/lingvan-2019-0083Divya Aggarwal, Pitabas Mohanty Influence of imprecise information on risk and ambiguity preferences: Experimental evidence, Managerial and Decision Economics 43, no.44 (Aug 2021): 1025–1038.https://doi.org/10.1002/mde.3436Joshua A. Weller, Jared Vineyard, William M. P. Klein Self‐affirmation reduces uncertainty aversion for potential gains, Journal of Applied Social Psychology 52, no.55 (Mar 2022): 277–286.https://doi.org/10.1111/jasp.12856Aleksandra Kovacheva, Hristina Nikolova, Cait Lamberton Will he buy a surprise? Gender differences in the purchase of surprise offerings, Journal of Retailing 79 (May 2022).https://doi.org/10.1016/j.jretai.2022.04.002John R. Purcell, Emma N. Herms, Jaime Morales, William P. Hetrick, Krista M. Wisner, Joshua W. Brown A review of risky decision-making in psychosis-spectrum disorders, Clinical Psychology Review 91 (Feb 2022): 102112.https://doi.org/10.1016/j.cpr.2021.102112 Ahsanuzzaman, Asad Karim Khan Priyo, Kanti Ananta Nuzhat Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh, Journal of Behavioral and Experimental Economics 96 (Feb 2022): 101793.https://doi.org/10.1016/j.socec.2021.101793Emel Filiz-Ozbay, Huseyin Gulen, Yusufcan Masatlioglu, Erkut Y. Ozbay Comparing ambiguous urns with different sizes, Journal of Economic Theory 199 (Jan 2022): 105224.https://doi.org/10.1016/j.jet.2021.105224Timothy C. Barnum, Daniel S. Nagin Ambiguity and legal compliance, Criminology & Public Policy 20, no.44 (Dec 2021): 621–643.https://doi.org/10.1111/1745-9133.12565Carlo Zappia From Knightian to Keynesian uncertainty: contextualising Ellsberg's ambiguity, Cambridge Journal of Economics 45, no.55 (Jul 2021): 1027–1046.https://doi.org/10.1093/cje/beab024Aleksandra M. Herman, Giulia Esposito, Manos Tsakiris Body in the face of uncertainty: The role of autonomic arousal and interoception in decision‐making under risk and ambiguity, Psychophysiology 58, no.88 (May 2021).https://doi.org/10.1111/psyp.13840Joacim Rydmark, Jan Kuylenstierna, Henrik Tehler Communicating uncertainty in risk descriptions: the consequences of presenting imprecise probabilities in time critical decision-making situations, Journal of Risk Research 24, no.55 (Aug 2020): 629–644.https://doi.org/10.1080/13669877.2020.1801807Araz Taeihagh, M Ramesh, Michael Howlett Assessing the regulatory challenges of emerging disruptive technologies, Regulation & Governance 63 (Mar 2021).https://doi.org/10.1111/rego.12392Steven D Levitt Heads or Tails: The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness, The Review of Economic Studies 88, no.11 (May 2020): 378–405.https://doi.org/10.1093/restud/rdaa016Peter Zweifel, Roland Eisen, David L. Eckles Insurance Demand II: Nontraditional Approaches to Decisions Under Risk, (Oct 2021): 115–140.https://doi.org/10.1007/978-3-030-80390-2_4Richard J. Arend Strategic decision-making under ambiguity: a new problem space and a proposed optimization approach, Business Research 13, no.33 (Nov 2020): 1231–1251.https://doi.org/10.1007/s40685-020-00129-7Shankar Chelliah, Mohammad Jamal Khan, Amir Bahador Atabakhshi Kashi Antecedents of perceived beneficial destination image: a study on Middle-Eastern medical tourists visit Iran, International Journal of Pharmaceutical and Healthcare Marketing 15, no.11 (Oct 2020): 43–63.https://doi.org/10.1108/IJPHM-07-2018-0039Thierry Denœux, Prakash P. Shenoy An interval-valued utility theory for decision making with Dempster-Shafer belief functions, International Journal of Approximate Reasoning 124 (Sep 2020): 194–216.https://doi.org/10.1016/j.ijar.2020.06.008Divya Aggarwal, Uday Damodaran Ambiguity attitudes and myopic loss aversion: Experimental evidence using carnival games, Journal of Behavioral and Experimental Finance 25 (Mar 2020): 100258.https://doi.org/10.1016/j.jbef.2019.100258Magdalena Małecka The normative decision theory in economics: a philosophy of science perspective. The case of the expected utility theory, Journal of Economic Methodology 27, no.11 (Jul 2019): 36–50.https://doi.org/10.1080/1350178X.2019.1640891Chengkang Zhu, Jingjing Pan, Yiwen Wang, Jianbiao Li, Pengcheng Wang Neural Dynamics Underlying the Evaluation Process of Ambiguous Options During Reward-Related Decision-Making, Frontiers in Psychology 10 (Aug 2019).https://doi.org/10.3389/fpsyg.2019.01979Mark L. Muzere Share repurchases and short sales under ambiguity, Economics Letters 180 (Jul 2019): 67–70.https://doi.org/10.1016/j.econlet.2019.04.011Timothy C. Salmon, Adam Shniderman Ambiguity in criminal punishment, Journal of Economic Behavior & Organization 163 (Jul 2019): 361–376.https://doi.org/10.1016/j.jebo.2019.05.014David Maimon, Alexander Testa, Bertrand Sobesto, Michel Cukier, Wuling Ren Predictably Deterrable? The Case of System Trespassers, (Jul 2019): 317–330.https://doi.org/10.1007/978-3-030-24900-7_26Christian Wilde, Wenhui Li Belief Formation and Belief Updating Under Ambiguity: Evidence from Experiments, SSRN Electronic Journal 101 (Jan 2019).https://doi.org/10.2139/ssrn.3399983Carlo Zappia Rationality under uncertainty: classic and current criticisms of the Bayesian viewpoint, The European Journal of the History of Economic Thought 25, no.66 (Feb 2019): 1387–1419.https://doi.org/10.1080/09672567.2018.1523210Nicolas Vallois, Dorian Jullien A history of statistical methods in experimental economics, The European Journal of the History of Economic Thought 25, no.66 (Nov 2018): 1455–1492.https://doi.org/10.1080/09672567.2018.1523445Michael Howlett, Giliberto Capano, M Ramesh Designing for robustness: surprise, agility and improvisation in policy design, Policy and Society 37, no.44 (Oct 2018): 405–421.https://doi.org/10.1080/14494035.2018.1504488W. Eric Lee, Amy M. Hageman Talk the Talk or Walk the Walk? An Examination of Sustainability Accounting Implementation, Journal of Business Ethics 152, no.33 (Aug 2016): 725–739.https://doi.org/10.1007/s10551-016-3282-8Robin Cubitt, Gijs van de Kuilen, Sujoy Mukerji The strength of sensitivity to ambiguity, Theory and Decision 85, no.3-43-4 (Mar 2018): 275–302.https://doi.org/10.1007/s11238-018-9657-9Chew Soo Hong, Mark Ratchford, Jacob S. Sagi You Need to Recognise Ambiguity to Avoid It, The Economic Journal 128, no.614614 (Nov 2017): 2480–2506.https://doi.org/10.1111/ecoj.12541Joon Chae, Eun Jung Lee Distribution uncertainty and expected stock returns, Finance Research Letters 25 (Jun 2018): 55–61.https://doi.org/10.1016/j.frl.2017.10.006Zhaojun Xing, Wei Xiong, Hailin Liu A Euclidean Approach for Ranking Intuitionistic Fuzzy Values, IEEE Transactions on Fuzzy Systems 26, no.11 (Feb 2018): 353–365.https://doi.org/10.1109/TFUZZ.2017.2666219Nicholas Barberis Psychology-Based Models of Asset Prices and Trading Volume, (Jan 2018): 79–175.https://doi.org/10.1016/bs.hesbe.2018.07.001Mark J. Machina Non-expected Utility Theory, (Feb 2018): 9570–9582.https://doi.org/10.1057/978-1-349-95189-5_2558Dorian Jullien, Nicolas Vallois Estimating Rationality in Economics: A History of Statistical Methods in Experimental Economics, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3116220Nicholas Barberis Psychology-based Models of Asset Prices and Trading Volume, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3177616Emel Filiz-Ozbay, Huseyin Gulen, Yusufcan Masatlioglu, Erkut Ozbay Size Matters Under Ambiguity, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3183973Ivan Moscati Expected utility theory and experimental utility measurement, 1950–1985. From confidence to scepticism, The European Journal of the History of Economic Thought 24, no.66 (Nov 2017): 1318–1354.https://doi.org/10.1080/09672567.2017.1378692Rosa Li, Rachel C. Roberts, Scott A. Huettel, Elizabeth M. Brannon Five-year-olds do not show ambiguity aversion in a risk and ambiguity task with physical objects, Journal of Experimental Child Psychology 159 (Jul 2017): 319–326.https://doi.org/10.1016/j.jecp.2017.02.013Stephen Perreault, Thomas Kida, M. David Piercey The Relative Effectiveness of Simultaneous versus Sequential Negotiation Strategies in Auditor-Client Negotiations, Contemporary Accounting Research 34, no.22 (Feb 2017): 1048–1070.https://doi.org/10.1111/1911-3846.12288David Dillenberger, Uzi Segal Skewed noise, Journal of Economic Theory 169 (May 2017): 344–364.https://doi.org/10.1016/j.jet.2017.02.005Yehuda Izhakian Expected utility with uncertain probabilities theory, Journal of Mathematical Economics 69 (Mar 2017): 91–103.https://doi.org/10.1016/j.jmateco.2016.12.004Nicolas Vallois, Dorian Jullien Estimating Rationality in Economics: A History of Statistical Methods in Experimental Economics, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2990987Christina Dargenidou, Richard H.G. Jackson, Fanis Tsoligkas A Disadvantage in IFRS Adoption in the UK: The Adverse Consequences of IAS 38, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2995597Irwin Hudson, Lauren Reinerman-Jones, Grace Teo A Review of Personnel Selection Approaches for the Skill of Decision Making, (May 2017): 474–485.https://doi.org/10.1007/978-3-319-58625-0_34Igor Kopylov Subjective probability, confidence, and Bayesian updating, Economic Theory 62, no.44 (Nov 2015): 635–658.https://doi.org/10.1007/s00199-015-0929-0Yi-Min Chen, Hsin-Hsien Liu, Yu-Siang Liu, Huei-Ting Huang A preemptive power to offensive patent litigation strategy: Value creation, transaction costs and organizational slack, Journal of Business Research 69, no.55 (May 2016): 1634–1638.https://doi.org/10.1016/j.jbusres.2015.10.030Carlo Zappia Daniel Ellsberg and the Validation of Normative Propositions, OEconomia , no.6-16-1 (Mar 2016): 57–79.https://doi.org/10.4000/oeconomia.2276Dominik R. Bach Decision-Making Under Uncertainty, (Oct 2016): 99–111.https://doi.org/10.1007/978-3-642-35923-1_6Ge Bai, Ranjani Krishnan Effects of Ambiguous Common Uncertainty on Employees' Preference for Relative Performance Contracts, The Japanese Accounting Review 6, no.20162016 (Jan 2016): 65–93.https://doi.org/10.11640/tjar.6.2016.02Ivan Moscati Expected Utility Theory and Experimental Utility Measurement, 195001985. From Validation to Destabilization, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2847171Aurélien Baillon, Olivier L'Haridon La décision en ambiguïté : modèles et évaluations expérimentales, L'Actualité économique 92, no.1-21-2 (Jan 2016): 81.https://doi.org/10.7202/1039873arStefan T. Trautmann, Gijs van de Kuilen Ambiguity Attitudes, (Dec 2015): 89–116.https://doi.org/10.1002/9781118468333.ch3David Kelsey, Sara le Roux An experimental study on the effect of ambiguity in a coordination game, Theory and Decision 79, no.44 (Feb 2015): 667–688.https://doi.org/10.1007/s11238-015-9483-2Jörg Oechssler, Alex Roomets A test of mechanical ambiguity, Journal of Economic Behavior & Organization 119 (Nov 2015): 153–162.https://doi.org/10.1016/j.jebo.2015.08.004Thomas Schlösser, Ole Mensching, David Dunning, Detlef Fetchenhauer Trust and Rationality: Shifting Normative Analyses of Risks Involving Other People Versus Nature, Social Cognition 33, no.55 (Oct 2015): 459–482.https://doi.org/10.1521/soco.2015.33.5.459 References, (Aug 2015): 177–189.https://doi.org/10.1002/9781119209003.refs Zhaojun Xing, Wei Xiong Ranking intuitionistic fuzzy values with the Euclidean distance, (Aug 2015): 155–161.https://doi.org/10.1109/FSKD.2015.7381932Bertrand Maillet, Sessi Tokpavi, Benoit Vaucher Global minimum variance portfolio optimisation under some model risk: A robust regression-based approach, European Journal of Operational Research 244, no.11 (Jul 2015): 289–299.https://doi.org/10.1016/j.ejor.2015.01.010Mohammed Abdellaoui, Peter Klibanoff, Lætitia Placido Experiments on Compound Risk in Relation to Simple Risk and to Ambiguity, Management Science 61, no.66 (Jun 2015): 1306–1322.https://doi.org/10.1287/mnsc.2014.1953Şule Güney, Ben R. Newell Overcoming Ambiguity Aversion Through Experience, Journal of Behavioral Decision Making 28, no.22 (Sep 2014): 188–199.https://doi.org/10.1002/bdm.1840John Griffin Risk Premia and Knightian Uncertainty in an Experimental Market Featuring a Long-Lived Asset, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2569462David Dillenberger, Uzi Segal Skewed Noise, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2580407Russell Golman, George F. Loewenstein, Nikolos Gurney Information Gaps for Risk and Ambiguity, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2605495Daniel Burghart, Thomas Epper, Ernst Fehr The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2625529Giuseppe Attanasi, Christian Gollier, Aldo Montesano, Noemi Pace Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study, Theory and Decision 77, no.44 (Feb 2014): 485–530.https://doi.org/10.1007/s11238-013-9406-zDale O. Stahl Heterogeneity of Ambiguity Preferences, Review of Economics and Statistics 96, no.44 (Oct 2014): 609–617.https://doi.org/10.1162/REST_a_00392David V. Budescu, Stephen B. Broomell, Robert J. Lempert, Klaus Keller Aided and unaided decisions with imprecise probabilities in the domain of losses, EURO Journal on Decision Processes 2, no.1-21-2 (Jun 2014): 31–62.https://doi.org/10.1007/s40070-013-0023-4David Easley, Maureen O'Hara, Liyan Yang Opaque Trading, Disclosure, and Asset Prices: Implications for Hedge Fund Regulation, Review of Financial Studies 27, no.44 (Dec 2013): 1190–1237.https://doi.org/10.1093/rfs/hht079Mark J. Machina, Marciano Siniscalchi Ambiguity and Ambiguity Aversion, (Jan 2014): 729–807.https://doi.org/10.1016/B978-0-444-53685-3.00013-1Ninghua Du, Hailiang Huang, Lingfang (Ivy) Li Can online trading survive bad-mouthing? An experimental investigation, Decision Support Systems 56 (Dec 2013): 419–426.https://doi.org/10.1016/j.dss.2012.10.054Toshio Fujimi, Hirokazu Tatano Promoting Seismic Retrofit Implementation Through "Nudge": Using Warranty as a Driver, Risk Analysis (Jun 2013): n/a–n/a.https://doi.org/10.1111/risa.12086Soo Hong Chew, Mark Ratchford, Jacob S. Sagi You Need to Recognize Ambiguity to Avoid it, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2340543David Dillenberger, Uzi Segal Skewed Noise, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2359526Soo Hong Chew, Bin Miao, Songfa Zhong Partial Ambiguity, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2930724Dominik R. Bach, Raymond J. Dolan Knowing how much you don't know: a neural organization of uncertainty estimates, Nature Reviews Neuroscience 13, no.88 (Jul 2012): 572–586.https://doi.org/10.1038/nrn3289Fredrik Carlsson, Olof Johansson-Stenman Behavioral Economics and Environmental Policy, Annual Review of Resource Economics 4, no.11 (Aug 2012): 75–99.https://doi.org/10.1146/annurev-resource-110811-114547Giuseppe Attanasi, Aldo Montesano The price for information about probabilities and its relation with risk and ambiguity, Theory and Decision 73, no.11 (Jul 2011): 125–160.https://doi.org/10.1007/s11238-011-9271-6Govind Iyer, Deborah McBride, Philip Reckers The effect of a decision aid on risk aversion in capital investment decisions, Advances in Accounting 28, no.11 (Jun 2012): 64–74.https://doi.org/10.1016/j.adiac.2012.02.007Marc Oliver Rieger, Mei Wang Can ambiguity aversion solve the equity premium puzzle? Survey evidence from international data, Finance Research Letters 9, no.22 (Jun 2012): 63–72.https://doi.org/10.1016/j.frl.2012.02.001Ron Bird, Danny Yeung How do investors react under uncertainty?, Pacific-Basin Finance Journal 20, no.22 (Apr 2012): 310–327.https://doi.org/10.1016/j.pacfin.2011.10.001Andrea Morone, Ozlem Ozdemir DISPLAYING UNCERTAIN INFORMATION ABOUT PROBABILITY: EXPERIMENTAL EVIDENCE, Bulletin of Economic Research 64, no.22 (Mar 2011): 157–171.https://doi.org/10.1111/j.1467-8586.2010.00380.xToshio Fujimi, Hirokazu Tatano An Econometric Model Based on the Maxmin Expected Utility Model: An Application to Earthquake Insurance, (Oct 2011): 89–106.https://doi.org/10.1007/978-3-642-22884-1_5Yehuda (Yud) Izhakian Expected Utility with Uncertain Probabilities Theory, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2017944Ninghua Du, Hailiang Huang, Lingfang (Ivy) Li Can Online Trading Survive Bad Mouthing? An Experimental Investigation, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2020090Ayala Arad, Gabrielle Gayer Imprecise Data Sets as a Source of Ambiguity: A Model and Experimental Evidence, Management Science 58, no.11 (Jan 2012): 188–202.https://doi.org/10.1287/mnsc.1110.1463Takao Asano, Akihisa Shibata Optimal pricing and quality choice of a monopolist under Knightian uncertainty, International Journal of Industrial Organization 29, no.66 (Nov 2011): 746–754.https://doi.org/10.1016/j.ijindorg.2011.04.002Hela Maafi Preference Reversals Under Ambiguity, Management Science 57, no.1111 (Nov 2011): 2054–2066.https://doi.org/10.1287/mnsc.1110.1396Hsin-Hsien Liu Impact of regulatory focus on ambiguity aversion, Journal of Behavioral Decision Making 24, no.44 (May 2010): 412–430.https://doi.org/10.1002/bdm.702Gadi Barlevy Robustness and Macroeconomic Policy, Annual Review of Economics 3, no.11 (Sep 2011): 1–24.https://doi.org/10.1146/annurev-economics-061109-080355Hsin-Hsien Liu Task formats and ambiguity aversion, Journal of Behavioral Decision Making 24, no.33 (Feb 2010): 315–330.https://doi.org/10.1002/bdm.696Takao Asano, Akihisa Shibata Risk and uncertainty in health investment, The European Journal of Health Economics 12, no.11 (Mar 2010): 79–85.https://doi.org/10.1007/s10198-010-0238-2Dominik R. Bach, Christopher R. Pryce, Erich Seifritz The Experimental Manipulation of Uncertainty, (Sep 2010): 193–216.https://doi.org/10.1007/978-1-60761-883-6_8Ronald Gindrat, Jean Lefoll Smooth Ambiguity Aversion and the Continuous-Time Limit, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1690240David Easley, Maureen O'Hara, Liyan Yang Opaque Trading, Disclosure and Asset Prices: Implications for Hedge Fund Regulation, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1945347I. Pavlov , Voprosy Ekonomiki , no.1010 ( 2011): 16.https://doi.org/10.32609/0042-8736-2011-10-16-34Sarah Maxwell, Sungchul Choi, Xin Ge, Paul R. Messinger Consumer perceptions of ambiguous price promotions: scratch and save promotions versus tensile price claims, Journal of Product & Brand Management 19, no.77 (Nov 2010): 477–486.https://doi.org/10.1108/10610421011086892DAVID EASLEY, MAUREEN O'HARA Microstructure and Ambiguity, The Journal of Finance 65, no.55 (Sep 2010): 1817–1846.https://doi.org/10.1111/j.1540-6261.2010.01595.xEnrico Rubaltelli, Rino Rumiati, Paul Slovic Do ambiguity avoidance and the comparative ignorance hypothesis depend on people's affective reactions?, Journal of Risk and Uncertainty 40, no.33 (Mar 2010): 243–254.https://doi.org/10.1007/s11166-010-9091-zJosé Guilherme de Lara Resende, George Wu Competence effects for choices involving gains and losses, Journal of Risk and Uncertainty 40, no.22 (Mar 2010): 109–132.https://doi.org/10.1007/s11166-010-9089-6Ifat Levy, Jason Snell, Amy J. Nelson, Aldo Rustichini, Paul W. Glimcher Neural Representation of Subjective Value Under Risk and Ambiguity, Journal of Neurophysiology 103, no.22 (Feb 2010): 1036–1047.https://doi.org/10.1152/jn.00853.2009Massimo Guidolin, Francesca Rinaldi Ambiguity in Asset Pricing and Portfolio Choice: A Review of the Literature, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1673494A. V. Muthukrishnan, Luc Wathieu, Alison Jing Xu Ambiguity Aversion and the Preference for Established Brands, Management Science 55, no.1212 (Dec 2009): 1933–1941.https://doi.org/10.1287/mnsc.1090.1087Mercè Roca, A. John Maule The effects of endowment on the demand for probabilistic information, Organizational Behavior and Human Decision Processes 109, no.11 (May 2009): 56–66.https://doi.org/10.1016/j.obhdp.2009.01.002Marielle Brunette, Laure Cabantous, Stéphane Couture, Anne Stenger Assurance, intervention publique et ambiguïté : une étude expérimentale auprès de propriétaires forestiers privés, Économie & prévision n° 190-191, no.44 (Jan 2009): 123.https://doi.org/10.3917/ecop.190.0123Stefan T. Trautmann, Ferdinand M. Vieider, Peter P. Wakker Causes of ambiguity aversion: Known versus unknown preferences, Journal of Risk and Uncertainty 36, no.33 (May 2008): 225–243.https://doi.org/10.1007/s11166-008-9038-9David V. Budescu, Sara Templin Valuation of Vague Prospects with Mixed Outcomes, (Jan 2008): 253–275.https://doi.org/10.1007/978-0-387-77131-1_11George Gaskell Lessons from the Bio-Decade, (Jan 2008): 235–259.https://doi.org/10.1016/B978-012373990-2.00012-1Briony D. Pulford, Andrew M. Colman Size Doesn't Really Matter, Experimental Psychology 55, no.11 (Jan 2008): 31–37.https://doi.org/10.1027/1618-3169.55.1.31Mark J. Machina Non-expected Utility Theory, (Dec 2016): 1–14.https://doi.org/10.1057/978-1-349-95121-5_2558-1Jae-Cheol Kim, Byungtae Lee, Nirup M. Menon The Role of the Uncertainty of the Performance of Knowledge in Knowledge Management, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1318138Marco Lauriola, Irwin P. Levin, Stephanie S. Hart Common and distinct factors in decision making under ambiguity and risk: A psychometric study of individual differences, Organizational Behavior and Human Decision Processes 104, no.22 (Nov 2007): 130–149.https://doi.org/10.1016/j.obhdp.2007.04.001Briony D. Pulford, Andrew M. Colman Ambiguous games: Evidence for strategic ambiguity aversion, Quarterly Journal of Experimental Psychology 60, no.88 (Jan 2018): 1083–1100.https://doi.org/10.1080/17470210600866354 Joshua C. Teitelbaum A Unilateral Accident Model under Ambiguity Teitelbaum, The Journal of Legal Studies 36, no.22 (Jul 2015): 431–477.https://doi.org/10.1086/511895Laure Cabantous Ambiguity Aversion in the Field of Insurance: Insurers' Attitude to Imprecise and Conflicting Probability Estimates, Theory and Decision 62, no.33 (Jan 2007): 219–240.https://doi.org/10.1007/s11238-006-9015-1A. V. Muthukrishnan, Luc Wathieu Ambiguity Aversion and the Power of Established Brands, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.1072909Martina Steul Does the framing of investment portfolios influence risk-taking behavior? Some experimental results, Journal of Economic Psychology 27, no.44 (Aug 2006): 557–570.https://doi.org/10.1016/j.joep.2005.12.002Mercè Roca, Robin M. Hogarth, A. John Maule Ambiguity seeking as a result of the status quo bias, Journal of Risk and Uncertainty 32, no.33 (May 2006): 175–194.https://doi.org/10.1007/s11166-006-9518-8Scott A. Huettel, C. Jill Stowe, Evan M. Gordon, Brent T. Warner, Michael L. Platt Neural Signatures of Economic Preferences for Risk and Ambiguity, Neuron 49, no.55 (Mar 2006): 765–775.https://doi.org/10.1016/j.neuron.2006.01.024M. Hsu Neural Systems Responding to Degrees of Uncertainty in Human Decision-Making, Science 310, no.57545754 (Dec 2005): 1680–1683.https://doi.org/10.1126/science.1115327Kathleen M. Whitcomb Quasi-Bayesian Analysis Using Imprecise Probability Assessments And The Generalized Bayes' Rule, Theory and Decision 58, no.22 (Mar 2005): 209–238.https://doi.org/10.1007/s11238-005-2458-yMercè Roca, Robin M. Hogarth, A. John Maule Ambiguity Seeking as a Result of the Status Quo Bias, SSRN Electronic Journal (Jan 2005).https://doi.org/10.2139/ssrn.847655Paul Dolan, Martin Jones EXPLAINING ATTITUDES TOWARDS AMBIGUITY: AN EXPERIMENTAL TEST OF THE COMPARATIVE IGNORANCE HYPOTHESIS, Scottish Journal of Political Economy 51, no.33 (Aug 2004): 281–301.https://doi.org/10.1111/j.0036-9292.2004.00307.xAnton Kühberger, Josef Perner The role of competition and knowledge in the Ellsberg task, Journal of Behavioral Decision Making 16, no.33 (Apr 2003): 181–191.https://doi.org/10.1002/bdm.441David V Budescu, Kristine M Kuhn, Karen M Kramer, Timothy R Johnson Modeling certainty equivalents for imprecise gambles, Organizational Behavior and Human Decision Processes 88, no.22 (Jul 2002): 748–768.https://doi.org/10.1016/S0749-5978(02)00014-6Yacine AÏT-SAHALI, Michael W. Brandt Variable Selection for Portfolio Choice, The Journal of Finance 56, no.44 (Dec 2002): 1297–1351.https://doi.org/10.1111/0022-1082.00369David V. Budescu, Kristine M. Kuhn, Karen M. Kramer Beyond Ellsberg's paradox, Revue d'économie politique Vol. 111, no.11 (Feb 2001): 7–28.https://doi.org/10.3917/redp.111.0007Gülçimen Yurtsever ETHICAL BELIEFS AND TOLERANCE OF AMBIGUITY, Social Behavior and Personality: an international journal 28, no.22 (Jan 2000): 141–148.https://doi.org/10.2224/sbp.2000.28.2.141Gideon Keren, Léonie E.M. Gerritsen On the robustness and possible accounts of ambiguity aversion, Acta Psychologica 103, no.1-21-2 (Nov 1999): 149–172.https://doi.org/10.1016/S0001-6918(99)00034-7Colin Camerer Ambiguity-Aversion and Non-Additive Probability:, (Jan 1999): 53–79.https://doi.org/10.1007/978-1-4615-5083-9_3M.C. Moldoveanu, H. Stevenson Ethical universals in practice: An analysis of five principles, The Journal of Socio-Economics 27, no.66 (Jan 1998): 721–752.https://doi.org/10.1016/S1053-5357(99)80005-5Kathleen M. Whitcomb, P. George Benson Evaluating second-order probability judgments with strictly proper scoring rules, Theory and Decision 41, no.22 (Sep 1996): 165–178.https://doi.org/10.1007/BF00134642T. Chavez Modeling and measuring the effects of vagueness in decision models, IEEE Transactions on Systems, Man, and Cybernetics - Part A: Systems and Humans 26, no.33 (May 1996): 311–323.https://doi.org/10.1109/3468.487957B. J. Nordenstam The Influence of Environmental Uncertainty on Lay Perceptions of Risk and Safety, (Jan 1996): 205–226.https://doi.org/10.1007/978-94-015-8619-1_10Sanjay K. Dhar, Claudia Gonz�lez-Vallejo, Dilip Soman Brand promotions as a lottery, Marketing Letters 6, no.33 (Jul 1995): 221–233.https://doi.org/10.1007/BF00995113Howard Kunreuther, Jacqueline Meszaros, Robin M. Hogarth, Mark Spranca Ambiguity and underwriter decision processes, Journal of Economic Behavior & Organization 26, no.33 (May 1995): 337–352.https://doi.org/10.1016/0167-2681(94)00041-CDiana C. Robertson, William T. Ross Decision-Making Processes on Ethical Issues: The Impact of a Social Contract Perspective, Business Ethics Quarterly 5, no.22 (Jan 2015): 213–240.https://doi.org/10.2307/3857354Yoshihisa Kashima, Patrick Maher Framing of decisions under ambiguity, Journal of Behavioral Decision Making 8, no.11 (Mar 1995): 33–49.https://doi.org/10.1002/bdm.3960080104Scott Highhouse A verbal protocol analysis of choice under ambiguity, Journal of Economic Psychology 15, no.44 (Dec 1994): 621–635.https://doi.org/10.1016/0167-4870(94)90014-0Donald B. Davis, M.-Elisabeth Pat�-Cornell A challenge to the compound lottery axiom: A two-stage normative structure and comparison to other theories, Theory and Decision 37, no.33 (Nov 1994): 267–309.https://doi.org/10.1007/BF01079912Yoav Ganzach Inconsistency and uncertainty in multi-attribute judgment of human performance, Journal of Behavioral Decision Making 7, no.33 (Sep 1994): 193–211.https://doi.org/10.1002/bdm.3960070305NORIYUKI MATSUDA, JIRO IHARA, TAKASHI KUSUMI Belief, preference and willingness under ambiguity, Japanese Psychological Research 36, no.11 (Jan 1994): 29–40.https://doi.org/10.4992/psycholres1954.36.29Mark F. Stasson, William G. Hawkes, H. David Smith, Walter M. Lakey The effects of probability ambiguity on preferences for uncertain two-outcome prospects, Bulletin of the Psychonomic Society 31, no.66 (Nov 2013): 624–626.https://doi.org/10.3758/BF03337373Benn Steil Corporate foreign exchange risk management: A study in decision making under uncertainty, Journal of Behavioral Decision Making 6, no.11 (Mar 1993): 1–31.https://doi.org/10.1002/bdm.3960060102P. George Benson, Kathleen M. Whitcomb The effectiveness of imprecise probability forecasts, Journal of Forecasting 12, no.22 (Feb 1993): 139–159.https://doi.org/10.1002/for.3980120207Martin Weber Ambiguitätseffekte in experimentellen Märkten, (Jan 1993): 33–47.https://doi.org/10.1007/978-3-322-85593-0_2S.K.M. Wong, Z.W. Wang Qualitative Measures of Ambiguity, (Jan 1993): 443–450.https://doi.org/10.1016/B978-1-4832-1451-1.50058-5Colin Camerer, Martin Weber Recent developments in modeling preferences: Uncertainty and ambiguity, Journal of Risk and Uncertainty 5, no.44 (Oct 1992): 325–370.https://doi.org/10.1007/BF00122575Robin M. Hogarth, Howard Kunreuther Pricing Insurance and Warranties: Ambiguity and Correlated Risks, The Geneva Papers on Risk and Insurance Theory 17, no.11 (Jun 1992): 35–60.https://doi.org/10.1007/BF00941956Dipankar Ghosh, Manash R. Ray Risk Attitude, Ambiguity Intolerance and Decision Making: An Exploratory Investigation, Decision Sciences 23, no.22 (Mar 1992): 431–444.https://doi.org/10.1111/j.1540-5915.1992.tb00398.xBrent L Cohen, Thomas S. Wallsten The effect of constant outcome value on judgments and decision making given linguistic probabilities, Journal of Behavioral Decision Making 5, no.11 (Jan 1992): 53–72.https://doi.org/10.1002/bdm.3960050107Gordon B. Hazen Decision Versus Policy: An Expected Utility Resolution of the Ellsberg Paradox, (Jan 1992): 25–35.https://doi.org/10.1007/978-94-011-2838-4_4Uzi Segal The Independence Axiom Versus the Reduction Axiom: Must We Have Both?, (Jan 1992): 165–183.https://doi.org/10.1007/978-94-011-2952-7_7Mark J. Machina Choice Under Uncertainty: Problems Solved and Unsolved, (Jan 1992): 49–82.https://doi.org/10.1007/978-94-015-7957-5_2Michele Bernasconi, Graham Loomes Failures of the reduction principle in an Ellsberg-type problem, Theory and Decision 32, no.11 (Jan 1992): 77–100.https://doi.org/10.1007/BF00133629Jeff T Casey, John T Scholz Boundary effects of vague risk information on taxpayer decisions, Organizational Behavior and Human Decision Processes 50, no.22 (Dec 1991): 360–394.https://doi.org/10.1016/0749-5978(91)90027-QGiovanni B. Moneta Ambiguity, inductive systems, and the modeling of subjective probability judgements, Philosophical Psychology 4, no.22 (Jun 2008): 267–285.https://doi.org/10.1080/09515089108573030David V Budescu, Thomas S Wallsten Dyadic decisions with numerical and verbal probabilities, Organizational Behavior and Human Decision Processes 46, no.22 (Aug 1990): 240–263.https://doi.org/10.1016/0749-5978(90)90031-4Paul Anand Analysis of Uncertainty as Opposed to Risk: An Experimental Approach, Agricultural Economics 4, no.22 (Jun 1990): 145–163.https://doi.org/10.1111/j.1574-0862.1990.tb00114.xRobert E. Jensen Working within neoclassical theory and "modern theory≓ of finance to detect and measure monopoly power components of ex post accounting rate of return, Critical Perspectives on Accounting 1, no.11 (Mar 1990): 69–101.https://doi.org/10.1016/1045-2354(90)01006-9Abraham Mehrez, Amiram Gafni Resource allocation, equity and public risk: Dying one at a time vs dying all together, Socio-Economic Planning Sciences 24, no.44 (Jan 1990): 285–294.https://doi.org/10.1016/0038-0121(90)90011-URobin M. Hogarth Ambiguity and competitive decision making: Some implications and tests, Annals of Operations Research 19, no.11 (Dec 1989): 29–50.https://doi.org/10.1007/BF02283513Shawn P. Curley, J.Frank Yates An empirical evaluation of descriptive models of ambiguity reactions in choice situations, Journal of Mathematical Psychology 33, no.44 (Dec 1989): 397–427.https://doi.org/10.1016/0022-2496(89)90019-9Shawn P. Curley, Mark J. Young, J. Frank Yates Characterizing Physicians' Perceptions of Ambiguity, Medical Decision Making 9, no.22 (Jul 2016): 116–124.https://doi.org/10.1177/0272989X8900900206Robin M. Hogarth, Howard Kunreuther Risk, ambiguity, and insurance, Journal of Risk and Uncertainty 2, no.11 (Apr 1989): 5–35.https://doi.org/10.1007/BF00055709Rami Zwick, Thomas S. Wallsten Combining stochastic uncertainty and linguistic inexactness: theory and experimental evaluation of four fuzzy probability models, International Journal of Man-Machine Studies 30, no.11 (Jan 1989): 69–111.https://doi.org/10.1016/S0020-7373(89)80021-5Uzi Segal, Avia Spivak Non-expected utility risk premiums: The cases of probability ambiguity and outcome uncertainty, Journal of Risk and Uncertainty 1, no.33 (Sep 1988): 333–347.https://doi.org/10.1007/BF00056141Deborah Frisch, Jonathan Baron Ambiguity and rationality, Journal of Behavioral Decision Making 1, no.33 (Jul 1988): 149–157.https://doi.org/10.1002/bdm.3960010303Hillel J. Einhorn, Robin M. Hogarth Decision Making Under Ambiguity: A Note, (Jan 1988): 327–336.https://doi.org/10.1007/978-94-009-4019-2_19Mark J Machina Choice Under Uncertainty: Problems Solved and Unsolved, Journal of Economic Perspectives 1, no.11 (Aug 1987): 121–154.https://doi.org/10.1257/jep.1.1.121Shawn P Curley, J.Frank Yates, Richard A Abrams Psychological sources of ambiguity avoidance, Organizational Behavior and Human Decision Processes 38, no.22 (Oct 1986): 230–256.https://doi.org/10.1016/0749-5978(86)90018-XS. LARSSON, G. R. CHESLEY An analysis of the auditor's uncertainty about probabilities, Contemporary Accounting Research 2, no.22 (Mar 1986): 259–282.https://doi.org/10.1111/j.1911-3846.1986.tb00618.xPaul Anand A critique of the normative and descriptive foundations of subjective probability—with reference to agriculture, Journal of Economic Psychology 6, no.44 (Dec 1985): 399–416.https://doi.org/10.1016/0167-4870(85)90027-3Shawn P Curley, J.Frank Yates The center and range of the probability interval as factors affecting ambiguity preferences, Organizational Behavior and Human Decision Processes 36, no.22 (Oct 1985): 273–287.https://doi.org/10.1016/0749-5978(85)90016-0Shawn P. Curley, Stephen A. Eraker, J. Frank Yates An Investigation of Patient's Reactions to Therapeutic Uncertainty, Medical Decision Making 4, no.44 (Jul 2016): 501–511.https://doi.org/10.1177/0272989X8400400412Robert W. Goldsmith, Nils-Eric Sahlin The Role of Second-Order Probabilities in Decision Making, (Jan 1983): 455–467.https://doi.org/10.1016/S0166-4115(08)62250-5Peter G�rdenfors, Nils-Eric Sahlin Unreliable probabilities, risk taking, and decision making, Synthese 53, no.33 (Dec 1982): 361–386.https://doi.org/10.1007/BF00486156James R. Larson Exploring the external validity of a subjectively weighted utility model of decision making, Organizational Behavior and Human Performance 26, no.33 (Dec 1980): 293–304.https://doi.org/10.1016/0030-5073(80)90069-0Charles Vlek, Pieter-Jan Stallen Rational and personal aspects of risk, Acta Psychologica 45, no.1-31-3 (Aug 1980): 273–300.https://doi.org/10.1016/0001-6918(80)90038-4Kenneth R. MacCrimmon, Stig Larsson Utility Theory: Axioms Versus 'Paradoxes', (Jan 1979): 333–409.https://doi.org/10.1007/978-94-015-7629-1_15R. Duncan Luce Conjoint Measurement, (Jan 1978): 311–336.https://doi.org/10.1007/978-94-009-9789-9_13Thomas S. Wallsten Measurement and Interpretation of Beliefs, (Jan 1977): 369–393.https://doi.org/10.1007/978-94-010-1276-8_24J. Frank Yates, Lisa G. Zukowski Characterization of ambiguity in decision making, Behavioral Science 21, no.11 (Jan 1976): 19–25.https://doi.org/10.1002/bs.3830210104Thomas S. Wallsten The Psychological Concept of Subjective Probability: A Measurement-Theoretic View, (Jan 1974): 49–72.https://doi.org/10.1007/978-94-010-2288-0_4Orlando Behling, Frederick A. Starke The Postulates of Expectancy Theory, Academy of Management Journal 16, no.33 (Sep 1973): 373–388.https://doi.org/10.5465/254999Karen M. Kramer, David V. Budescu Exploring Ellsberg's Paradox in Vague-Vague Cases, (): 131–154.https://doi.org/10.1007/0-387-24244-9_6Joel M Podolny, Greta Hsu QUALITY, EXCHANGE, AND KNIGHTIAN UNCERTAINTY, (): 77–103.https://doi.org/10.1016/S0733-558X(02)20004-XGünter Menges Bibliographie zur statistischen Entscheidungstheorie 1950–1967 / Bibliography of Statistical Decision Theory 1950–1967, (Jan 1968): 11–41.https://doi.org/10.1007/978-3-663-02372-2_1
Referência(s)