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• W2955140121 abstract "We study how changes in wealth affect ambiguity attitudes. We define a decision maker as decreasing (resp., increasing) absolute ambiguity averse if he becomes less (resp., more) ambiguity averse as he becomes richer. Our definition is behavioral. We provide different characterizations of these attitudes for a large class of preferences: monotone and continuous preferences which satisfy risk independence. We then specialize our results for different subclasses of preferences. Inter alia, our characterizations provide alternative ways to test experimentally the validity of some of the models of choice under uncertainty." @default.
• W2955140121 created "2019-07-12" @default.
• W2955140121 creator A5005839139 @default.
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• W2955140121 date "2022-01-01" @default.
• W2955140121 modified "2023-09-26" @default.
• W2955140121 title "Ambiguity aversion and wealth effects" @default.
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• W2955140121 doi "https://doi.org/10.1016/j.jet.2019.05.003" @default.
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