6 found
Order:
  1. Hopes and Fears: The Conflicting Effects of Risk Ambiguity.W. Kip Viscusi & Harrell Chesson - 1999 - Theory and Decision 47 (2):157-184.
    The Ellsberg Paradox documented the aversion to ambiguity in the probability of winning a prize. Using an original sample of 266 business owners and managers facing risks from climate change, this paper documents the presence of departures from rationality in both directions. Both ambiguity-seeking behavior and ambiguity-averse behavior are evident. People exhibit ‘fear’ effects of ambiguity for small probabilities of suffering a loss and ‘hope’ effects for large probabilities. Estimates of the crossover point from ambiguity aversion (fear) to ambiguity seeking (...)
    Direct download (5 more)  
     
    Export citation  
     
    Bookmark   10 citations  
  2.  85
    Commonalities in Time and Ambiguity Aversion for Long-Term Risks.Harrell W. Chesson & W. Kip Viscusi - 2003 - Theory and Decision 54 (1):57-71.
    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 (...)
    Direct download (5 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  3.  68
    Communication of Ambiguous Risk Information.W. Kip Viscusi, Wesley A. Magat & Joel Huber - 1991 - Theory and Decision 31 (2-3):159-173.
    No categories
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   2 citations  
  4.  16
    Pro and Con: Punitive Damages Should Be Outlawed.David Luban & W. Kip Viscusi - 1999 - Business Ethics: The Magazine of Corporate Responsibility 13 (3):7-7.
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark  
  5. Fatal Tradeoffs: Public and Private Responsibilities for Risk.W. Kip Viscusi - 1995 - Oup Usa.
    This book is the culmination and synthesis of Viscusi's distinguished work in the social regulation of risk.
    No categories
    Direct download  
     
    Export citation  
     
    Bookmark   2 citations  
  6.  13
    Pro and Con: Punitive Damages Should Be Outlawed.W. Kip Viscusi - 1999 - Business Ethics 13 (3):7-7.
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark