Ellsberg Revisited: An Experimental Study

By Yoram Halevy. 2007

639 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/ba3229e8bfc41a6f94261048fc8fa7716f68dafe

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Citations in the corpus

O Sole Mio An Experimental Analysis of Weather and Risk Attitudes (2013, methodology): “For example, an ambiguity aversion framework, such as the ones proposed by Halevy (2007) and Bossaerts et al. (2010), may provide an ideal laboratory to study the effect of weather on the cognitive evaluation process when the probability distribution of outcomes is not fully specified.”
Recursive expected utility and the separation of attitudes towards risk and ambiguity: an experimental study (2009, methodology): “Our ambiguous urn is similar to this particular uncertain environment in Halevy (2007).”
Decision theory under ambiguity (2012, neutral): “Halevy (2007) proposed an experiment that permits to distinguish between four models of ambiguity aversion (subjective expected utility, maxmin expected utility, recursive non-expected utility, and recursive expected utility).”
THE AMBIGUITY AVERSION LITERATURE: A CRITICAL ASSESSMENT (2009, background): “We discuss in Section 5 the experimental findings of Halevy (2007) that Ellsberg choices are highly correlated with subjects not reducing objective compound lotteries, casting doubts on the value of an axiomatic approach to understanding these choices.”
The “bomb” risk elicitation task (2013, positive): “Additionally, the task requires subjects to make a single decision and it is therefore robust to possible violations of the Reduction Axiom that would instead affect the results in case of multiple choices, one of which paid at random (Bernasconi and Loomes, 1992; Halevy, 2007).”
Estimating Ambiguity Aversion in a Portfolio Choice Experiment (2009, methodology): “We follow Halevy (2007) in referring to this model as REU, owing to its recursive double expectation.”
Wanting robustness in macroeconomics (2010, background): “” 2 See Karantounias et al. (2009), Woodford (2010), Hansen and Sargent (2008b, Chaps.”
Ambiguity and Ambiguity Aversion (2014, background): “There is some evidence that attitudes toward reduction and ambiguity are correlated (Halevy (2007)); however, one may wish for a model that does not impose perfect correlation between these distinct behavioral traits.”