10 found
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  1.  19
    Eliciting Ambiguity Aversion in Unknown and in Compound Lotteries: A Smooth Ambiguity Model Experimental Study.Giuseppe Attanasi, Christian Gollier, Aldo Montesano & Noemi Pace - 2014 - Theory and Decision 77 (4):485-530.
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  2. The Price for Information About Probabilities and its Relation with Risk and Ambiguity.Giuseppe Attanasi & Aldo Montesano - 2012 - Theory and Decision 73 (1):125-160.
    In this article, ambiguity attitude is measured through the maximum price a decision maker is willing to pay to know the probability of an event. Two problems are examined in which the decision maker faces an act: in one case, buying information implies playing a lottery, while, in the other case, buying information gives also the option to avoid playing the lottery. In both decision settings, relying on the Choquet expected utility model, we study how the decision maker’s risk and (...)
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  3.  54
    Effects of Uncertainty Aversion on the Call Option Market.Aldo Montesano - 2008 - Theory and Decision 65 (2):97-123.
    This article examines the effects of uncertainty aversion in competitive call option markets using a partial equilibrium model with the Choquet-expected utility setup. We find that the trading volume of a call option is negatively affected by uncertainty aversion, whereas the price of the call is practically independent of it.
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  4.  5
    On Some Aspects of Decision Theory Under Uncertainty: Rationality, Price-Probabilities and the Dutch Book Argument.Aldo Montesano - 2019 - Theory and Decision 87 (1):57-85.
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  5.  30
    The Risk Aversion Measure Without the Independence Axiom.Aldo Montesano - 1988 - Theory and Decision 24 (3):269-288.
  6.  29
    Uncertainty Aversion and Aversion to Increasing Uncertainty.Aldo Montesano & Francesco Giovannoni - 1996 - Theory and Decision 41 (2):133-148.
  7.  29
    On the Definition of Risk Aversion.Aldo Montesano - 1990 - Theory and Decision 29 (1):53-68.
  8.  37
    Uncertainty with Partial Information on the Possibility of the Events.Aldo Montesano - 2001 - Theory and Decision 51 (2/4):183-195.
    The Choquet expected utility model deals with nonadditive probabilities (or capacities). Their dependence on the information the decision-maker has about the possibility of the events is taken into account. Two kinds of information are examined: interval information (for instance, the percentage of white balls in an urn is between 60% and 100%) and comparative information (for instance, the information that there are more white balls than black ones). Some implications are shown with regard to the core of the capacity and (...)
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  9.  24
    The Ordinal Utility Under Uncertainty and the Measure of Risk Aversion in Terms of Preferences.Aldo Montesano - 1985 - Theory and Decision 18 (1):73-85.
  10.  17
    On the Twofold Meaning of Rationality in Economics.Aldo Montesano - 1993 - International Studies in the Philosophy of Science 7 (1):65 – 67.