Risk, ambiguity, and decision

By D. Ellsberg. 2001

166 citations recorded by the source corpus.

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What Can Behavioral Economics Teach Us about Privacy (2008, background): “Individuals tend to make sometimes paradoxical, surprising, and seemingly contradictory decisions (see, for example, [35] and [36]).”
A General, Analytic Method for Generating Robust Strategies and Narrative Scenarios (2006, background): “ities; Ellsberg (2001), whose paradox addresses conditions of ambi-”
What are robust strategies in the face of uncertain climate threshold responses? (2012, background): “…three potentially important problems: (i) EUM poorly describes the actual decision rules people often use under conditions of deep uncertainty (e.g. Ellsberg 1961, 2001), (ii) implementing EUM under conditions of deep uncertainty raises important methodological challenges, for instance how to…”
Ambiguity and Ambiguity Aversion (2014, background): “79 The first was introduced by Epstein and Schneider (2003) in the context of MEU preferences, and extended to Variational Preferences by Maccheroni, Marinacci and Rustichini (2006b), to Smooth Ambiguity Preferences by Klibanoff, Marinacci and Mukerji (2009), and to Vector Expected Utility preferenc”