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Comparative ambiguity aversion and downside ambiguity aversion

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      <subfield code="a">Huang, Yi-Chieh</subfield>
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      <subfield code="a">Comparative ambiguity aversion and downside ambiguity aversion</subfield>
      <subfield code="c">Yi-Chieh Huang</subfield>
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      <subfield code="a">This paper first defines an increase in ambiguity and an increase in downside ambiguity. We then provide comparative criteria for ambiguity aversion and downside ambiguity aversion. Different from the finding that the comparative criterion for risk aversion is variant with the measure of the premium to reduce risks, we show that the criteria remain the same, whether the premiums to reduce ambiguity and downside ambiguity are measured by utility or money. Under the criteria, a more ambiguity-averse (downside-ambiguity-averse) individual is shown to spend more effort in reducing ambiguity (downside ambiguity) than a less ambiguity-averse (downside-ambiguity-averse) individual.</subfield>
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      <subfield code="t">Insurance : mathematics and economics</subfield>
      <subfield code="d">Oxford : Elsevier, 1990-</subfield>
      <subfield code="x">0167-6687</subfield>
      <subfield code="g">04/05/2015 Volumen 62 - mayo 2015 </subfield>
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      <subfield code="y">MÁS INFORMACIÓN</subfield>
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