arXiv 20 Feb 2019 · Econometrics · publishedAmerican Economic Journal Microeconomics (2025)
arXiv:1902.07447 · PDF · DOI · OpenAlex · Extracted main text
Preferences for mixing can reveal ambiguity perception and attitude on a single event. The validity of the approach is discussed for multiple preference classes including maxmin, maxmax, variational, and smooth second-order preferences. An experimental implementation suggests that participants perceive almost as much ambiguity for the stock index and actions of other participants as for the Ellsberg urn, indicating the importance of ambiguity in real-world decision-making.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Baillon, A., Huang, Z., Selim, A., Wakker, P (2018) Measuring ambiguity attitudes for all (natural) events | 1.000 | 7 | 5 | 100% |
| 2 | Bleichrodt, Han, Grant, Simon, Yang, Jingni (2023) Testing Hurwicz expected utility | 1.000 | 6 | 4 | 100% |
| 3 | Maccheroni, Fabio, Marinacci, Massimo, Rustichini, Aldo (2006) Ambiguity aversion, robustness, and the variational representation of preferences | 0.950 | 7 | 3 | 86% |
| 4 | Abdellaoui, Mohammed, Baillon, Aurélien, Placido, Laetitia, Wakker,… (2011) The rich domain of uncertainty: Source functions and their experimental implementation | 0.928 | 4 | 3 | 100% |
| 5 | Baillon, Aurélien, Bleichrodt, Han, Li, Chen, Wakker, Peter P (2021) Belief hedges: Measuring ambiguity for all events and all models | 0.874 | 8 | 2 | 100% |
| 6 | Klibanoff, Peter, Marinacci, Massimo, Mukerji, Sujoy (2005) A smooth model of decision making under ambiguity | 0.843 | 5 | 3 | 60% |
| 7 | Li, Chen, Turmunkh, Uyanga, Wakker, Peter (2018) Trust as a decision under ambiguity | 0.843 | 3 | 3 | 100% |
| 8 | Baillon, Aurélien (2019) Testing constant absolute and relative ambiguity aversion | 0.811 | 4 | 2 | 100% |
| 9 | Klibanoff, Peter, Mukerji, Sujoy, Seo, Kyoungwon (2014) Perceived ambiguity and relevant measures | 0.811 | 4 | 2 | 100% |
| 10 | Baillon, Aurélien, Halevy, Yoram, Li, Chen (2022) Randomize at your own risk: On the observability of ambiguity aversion | 0.737 | 3 | 2 | 100% |
Showing the top 10 of 77 scored citations.