Theory and Decision 54 (1):57-71 (2003)
|Abstract||Optimal protective responses to long-term risks depend on rational perceptions of ambiguous risks and uncertain time horizons. Our study examined the joint influence of uncertain delay and risk in an original sample of business owners and managers. We found that many subjects disliked uncertainty in the timing of an outcome, a reaction we term ``lottery timing risk aversion.'' Such aversion to uncertain timing was positively related to aversion to ambiguous probabilities for lotteries involving storm damage risks. This association suggests that uncertainty may be processed similarly in both the risk and time dimensions|
|Keywords||No keywords specified (fix it)|
|Categories||No categories specified (fix it)|
|Through your library||Configure|
Similar books and articles
W. Kip Viscusi & Harrell Chesson (1999). Hopes and Fears: The Conflicting Effects of Risk Ambiguity. Theory and Decision 47 (2):157-184.
Jonathan Kimmelman (2011). Ethics, Ambiguity Aversion, and the Review of Complex Translational Clinical Trials. Bioethics 26 (5):242-250.
Alex Voorhoeve, Ken Binmore & Lisa Stewart (2012). How Much Ambiguity Aversion? Finding Indifferences Between Ellsberg's Risky and Ambiguous Bets. Journal of Risk and Uncertainty 45 (3):215-38.
Paola Ferretti, Temporal Risk Aversion: What Determines the Attitude of the Decision Maker? The Case of the Buyer Decision Maker.
Béatrice Rey (2003). Total and Partial Bivariate Risk Premia: An Extension. Theory and Decision 55 (1):59-69.
Adam Morton (2007). Great Expectations. In Tim Lewens (ed.), Risk: Philosophical Perspectives. Routledge.
Behnam Taebi & Jan Leen Kloosterman (2008). To Recycle or Not to Recycle? An Intergenerational Approach to Nuclear Fuel Cycles. Science and Engineering Ethics 14 (2).
Richard Watt, Francisco J. Vázquez & Ignacio Moreno (2001). An Experiment on Rational Insurance Decisions. Theory and Decision 51 (2/4):247-296.
Louis Eeckhoudt & Béatrice Rey (2011). Risk Vulnerability: A Graphical Interpretation. Theory and Decision 71 (2):227-234.
John T. Sanders (1996). Risk and Value. A.S.V.I. News 1996 (Spring):4-5.
George Wu (1999). Anxiety and Decision Making with Delayed Resolution of Uncertainty. Theory and Decision 46 (2):159-199.
Aldo Montesano & Francesco Giovannoni (1996). Uncertainty Aversion and Aversion to Increasing Uncertainty. Theory and Decision 41 (2):133-148.
Karl Mosler (1997). De Minimis and Equity in Risk. Theory and Decision 42 (3):215-233.
J. D. Campbell, D. E. Spackman & S. D. Sullivan, Health Economics of Asthma: Assessing the Value of Asthma Interventions.
Wade Robison (2011). Nano-Technology, Ethics, and Risks. Nanoethics 5 (1):1-13.
Added to index2010-09-02
Total downloads6 ( #145,615 of 549,084 )
Recent downloads (6 months)1 ( #63,317 of 549,084 )
How can I increase my downloads?