JEL code: D81

Criteria for Decision-Making under Risk and Uncertainty

Characteristics of the South African retirement fund industry
Using administrative data, we examine three characteristics of the ...
Published: 11 September 2022
Neryvia Pillay Bell, Johannes W. Fedderke
Working Paper
Random Expected Utility Theory with a Continuum of Prizes
This note generalizes Gul and Pesendorfer’s random expected utility...
Published: 20 August 2018
Wei Ma
Working Paper
Risk Preferences and the Poverty Trap: A Look at Technology Uptake amongst Smallholder ...
A number of studies suggest the risk preference of low income indiv...
Published: 9 January 2018
Martine Visser, Kerri Brick, Hafsah Jumare
Working Paper
Information Contagion and Systemic Risk
We examine the effect of ex-post information contagion on the ex-an...
Published: 12 June 2017
Toni Ahnert, Co-Pierre Georg
Working Paper
Global commodities and African stocks: insights for hedging and diversification strategies
Owing to frequent fluctuations in global markets, diversifying acro...
Published: 15 December 2015
Paul Alagidede, Gideon Boako
Policy Brief
Bayesian learning with multiple priors and non-vanishing ambiguity
The existing models of Bayesian learning with multiple priors by Ma...
Published: 2 June 2015
Wei Ma, Alexander Zimper
Working Paper
Who's Afraid of the Big Bad Wolf? Risk Aversion and Gender Discrimination in Assessment
This study exploits a natural experiment to evaluate the gender bia...
Published: 7 February 2014
Nicholas Spearman, Jason Hartford
Working Paper
The impact of statistical learning on violations of the sure-thing principle
This paper experimentally tests whether violations of Savage’...
Published: 31 October 2013
Aylit T. Romm, Nicky Nicholls, Alexander Zimper
Working Paper
A decision-theoretic model of asset-price underreaction and overreaction to dividend news
We combine new developments in decision theory with a standard cons...
Published: 26 September 2012
Alexander Zimper, Alexander Ludwig
Working Paper
Do Bayesians learn their way out of ambiguity?
In standard models of Bayesian learning agents reduce their uncerta...
Published: 25 September 2012
Alexander Zimper
Working Paper
Risk Aversion: Experimental Evidence from South African Fishing Communities
We estimate the risk attitudes of a large sample of small-scale fis...
Published: 25 September 2012
Martine Visser, Kerri Brick, Justine Burns
Working Paper
Indecisiveness aversion and preference for commitment
We present an axiomatic model of preferences over menus that is mot...
Published: 22 September 2012
Ani Guerdjikova, Eric Danan, Alexander Zimper
Working Paper
Revisiting independence and stochastic dominance for compound lotteries
We establish mathematical equivalence between independence of irrel...
Published: 20 September 2012
Alexander Zimper
Working Paper
Returns to Schooling: Skills Accumulation or Information Revelation?
This paper explores the degree to which imperfect information in th...
Published: 20 September 2012
Ssekabira Ntege, Steven F. Koch
Working Paper
Half empty, half full and why we can agree to disagree forever
Aumann (1976) derives his famous we cannot agree to disagree result...
Published: 19 September 2012
Alexander Zimper
Working Paper
Security and Potential Level Preferences with Thresholds
The security level models of Gilboa (1988) and of Jaffray (1988) as...
Published: 19 September 2012
Ulrich Schmidt, Alexander Zimper
Working Paper
Flexibility of choice versus reduction of ambiguity
This paper explores the problem of a social planner willing to impr...
Published: 19 September 2012
Ani Guerdjikova, Alexander Zimper
Working Paper
Deriving a theoretically defensible measure of risk
According to economic theory, risk is a central consideration in fi...
Published: 27 September 2009
Johannes W. Fedderke, Neryvia Pillay Bell
Policy Brief

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