Off the Charts
Massive Unexplained Heterogeneity in a Global Study of Ambiguity Attitudes
Bibliographic Data
| ID | 19316640 |
|---|---|
| Authors | Olivier L’haridon (0000-0001-8786-4765, Université de Rennes), Ferdinand M Vieider (0000-0002-0881-3714, University of Reading), Diego Aycinena (0000-0001-6330-5926, Universidad del Rosario), Agustinus Bandur (0000-0002-6225-5418, Binus University), Alexis Belianin (0000-0002-0874-8393, Higher School of Economics), Lubomír Cingl (0000-0001-8842-4876, University of Economics), Amit Kothiyal (Max Planck Institute for Human Development), Peter Martinsson (0000-0002-1146-9248, University of Gothenburg and Linköping University) |
| Year | 2018 |
| Volume | 100 |
| Issue | 4 |
| Pages | 664-677 |
| Publication date | 2018-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/rest_a_00724 |
| OpenAlex | W2770048038 |
| Language | EN |
| Citations received | 4 |
| References cited | 38 |
Ambiguity attitudes have been prominently used in economic models, but we still know little about their demographic correlates or their generalizability beyond the West. We analyze the ambiguity attitudes of almost 3,000 students across thirty countries. For gains, we find ambiguity aversion everywhere, while ambiguity aversion is much weaker for losses. Ambiguity attitudes change systematically with probabilities for both gains and losses. Much of the between-country variation can be explained through a fewmacroeconomic characteristics. In contrast, we find massive unexplained variation at the individual level. We also find much unexplained heterogeneity in individual responses to different decision tasks. © 2018 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
Ambiguity · Ambiguity aversion · Contrast (vision) · Econometrics · Economics · Variation (astronomy) · Complex Systems and Time Series Analysis · Computer Science · Decision-Making and Behavioral Economics · Experimental Behavioral Economics Studies · Psychology
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| Unique citing works | 4 |
|---|---|
| Citations per year | 2 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |