Testing constant absolute and relative ambiguity aversion
Recent applications have demonstrated the crucial role of decreasing absolute ambiguity aversion in financial and saving decisions. Yet, most ambiguity models predict that ambiguity aversion remains constant when individuals become better off overall. We propose the first tests of constant absolute...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Academic Press Inc.
2019
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |