Comparative ambiguity aversion in intertemporal decisions

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Collection: Articles

Title: Comparative ambiguity aversion in intertemporal decisions / Jianli Wang, Jingyuan Li

Author: Wang, Jianli

Notes: Resumen: 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.

Other authors: Li, Jingyuan

Other categories: 6

Rights: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/