𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A Bayesian Approach to Uncertainty Aversion

✍ Scribed by Halevy, Yoram; Feltkamp, Vincent

Book ID
111004624
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
186 KB
Volume
72
Category
Article
ISSN
0034-6527

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## Abstract Our aim is to analyze the link between optimism and risk aversion in a subjective expected utility setting and to estimate the average level of optimism when weighted by risk tolerance. Its estimation leads to a non‐trivial statistical problem. We start from a large lottery survey (1536