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- handle: 10670/1.3fzhyh
- hal: hal-04642823
- doi: 10.1016/j.socec.2024.102237
- WOS: 001246532900001
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.socec.2024.102237
Mots-clés
Risk Uncertainty Ambiguity Preferences Experiments C - Mathematical and Quantitative Methods/C.C9 - Design of Experiments/C.C9.C91 - Laboratory, Individual Behavior D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty D - Microeconomics/D.D9 - Intertemporal ChoiceSujets proches
Measures Article Funds Funding Bargains Mutual arrangements Arrangements, Mutual Discounting, Delay (Psychology) Intertemporal choice Discounting, Intertemporal (Psychology) Intertemporal discounting (Psychology) Finance, commerce, confiscations, etc Animal behavior Habits and behaviorCiter ce document
Kene Boun My et al., « Are ambiguity preferences aligned with risk preferences? », HAL-SHS : économie et finance, ID : 10.1016/j.socec.2024.102237
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Résumé
Decisions under risk and ambiguity are frequently encountered in our daily lives, and the associated preferences are often quantified. This article deals with the relationship between individuals' preferences towards risk and ambiguity. In particular, we question the correlation of the preferences and their alignment. For that purpose, we analyze experimental data that measures individuals' risk and ambiguity preferences through a lottery choice experiment. The results indicate that most of the subjects are risk-loving and ambiguity-averse. We also show that risk preferences and ambiguity preferences are negatively correlated. Finally, we prove that the majority of subjects have preferences towards ambiguity that are aligned with those towards risk, either perfectly or weakly. Thirty-four percent of the sample has preferences towards ambiguity that are the opposite of those towards risk.