Comparative ambiguity aversion in intertemporal decisions

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<title>Comparative ambiguity aversion in intertemporal decisions</title>
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<abstract displayLabel="Abstract">This article examines the effects of ambiguity aversion on intertemporal decisions when there is ambiguity about a future state. Compared to the existing literature, we allow for a three-way separation between intertemporal substitution, risk aversion, and ambiguity aversion. Holding risk preferences, beliefs, and time preferences fixed, we explore how a change in ambiguity aversion increases the strength of the current willingness to pay. We apply our results to saving, self-protection, and self-insurance problems.</abstract>
<note type="statement of responsibility">Jianli Wang, Jingyuan Li</note>
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<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
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<text>02/03/2020 Volumen 87 Número 1 - marzo 2020 , p. 195-212</text>
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