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    题名: Comparative ambiguity aversion and downside ambiguity aversion
    作者: Huang, Yi-Chieh;Tzeng, Larry Y.;Zhao, Lin
    曾郁仁
    贡献者: 風管系
    关键词: Ambiguity;Comparative ambiguity aversion;Comparative downside ambiguity aversion;D80;D81;Downside ambiguity;Effort
    日期: 2015-05
    上传时间: 2015-09-02 17:40:37 (UTC+8)
    摘要: This paper first defines an increase in ambiguity and an increase in downside ambiguity. We then provide comparative criteria for ambiguity aversion and downside ambiguity aversion. Different from the finding that the comparative criterion for risk aversion is variant with the measure of the premium to reduce risks, we show that the criteria remain the same, whether the premiums to reduce ambiguity and downside ambiguity are measured by utility or money. Under the criteria, a more ambiguity-averse (downside-ambiguity-averse) individual is shown to spend more effort in reducing ambiguity (downside ambiguity) than a less ambiguity-averse (downside-ambiguity-averse) individual.
    關聯: Insurance: Mathematics & Economics, 62, 257-269
    数据类型: article
    DOI 連結: http://dx.doi.org/10.1016/j.insmatheco.2015.04.002
    DOI: 10.1016/j.insmatheco.2015.04.002
    显示于类别:[風險管理與保險學系] 期刊論文

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