We commonly think of information as a means to an end. However, a growing theoretical
and experimental literature suggests that information may directly enter the agent's utility …

This chapter reviews the experimental literature on ambiguity attitudes, focusing on three
topics. First, it considers various approaches to operationalize ambiguity in experiments …

Assuming universal ambiguity aversion, an extensive theoretical literature studies how
ambiguity can account for market anomalies from the perspective of expected utility-based …

This paper conducts a stated-choice experiment where respondents are asked to rate
various insurance products aimed to protect against financial risks associated with long-term …

Technological progress has improved insurers' ability to monitor policyholders and has led
to usage‐based insurance (UBI) contracts that incorporate behavioral risk factors in pricing …

We examine strategic self-ignorance—the use of ignorance as an excuse to over-indulge in
pleasurable activities that may be harmful to one's future self. Our model shows that guilt …

We conduct a bibliometric analysis and review the literature of the last six decades on
ambiguity aversion. Comparing trends in theoretical, experimental, and empirical …

Abstract “Risk and insurance” provides an illustrative set of decisions made in the presence
of uncertainty. As behavioral models become more integrated into economics and finance …

Stefan Felder · Thomas Mayrhofer A Health Economic Primer Third Edition Page 1 Medical
Decision Making Stefan Felder · Thomas Mayrhofer A Health Economic Primer Third Edition …

Social decisions in risky contexts raise a number of difficult questions, such as:(1) Should
social decisions be more or less risk averse than the average person?(2) Should we try to …