Identidad Institucional CRAI
Logo EdocUR
    • English
    • español
    • português
  •  Work Submission
  •  FAQs
  • English 
    • English
    • español
    • português
  • Login

Contacto

Twitter

Facebook

Youtube

View Item 
  •   Repositorio Institucional EdocUR - Universidad del Rosario
  • Investigación
  • Documentos de investigación
  • Facultad de Economía
  • Documentos de trabajo economía
  • View Item
  •   Repositorio Institucional EdocUR - Universidad del Rosario
  • Investigación
  • Documentos de investigación
  • Facultad de Economía
  • Documentos de trabajo economía
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Risk, ambiguity, and diversification

  • Exportar citas ▼
    • Exportar a Mendeley
    • Exportar a BibTex
Thumbnail
Visualizar
Date
2016-03-11
Author
Sautua, Santiago-IgnacioAutoridad Universidad de Rosario
Share
Citation
URI
https://ideas.repec.org/p/col/000092/014588.html...

Abstract
Attitudes toward risk influence the decision to diversify among uncertain options. Yet, because in most situations the options are ambiguous, attitudes toward ambiguity may also play an important role. I conduct a laboratory experiment to investigate the effect of ambiguity on the decision to diversify. I find that diversification is more prevalent and more persistent under ambiguity than under risk. Moreover, excess diversification under ambiguity is driven by participants who stick with a status quo gamble when diversification among gambles is not feasible. This behavioral pattern cannot be accommodated by major theories of choice under ambiguity.

Keyword

risk, ambiguity ; inertia ; diversification ; reference-dependent preferences ; indecisiveness ; ambiguity aversion ;

Subject

Economía ;

Source link

https://ideas.repec.org/p/col/000092/014588.html...

Show full item record

Collections
  • Documentos de trabajo economía [267]
Política de Acceso Abierto URPortal de Revistas URRepositorio de Datos de Investigación URCiencia Abierta UR
 

 

Browse

All of DSpaceCommunities & CollectionsTitlesAuthorsTypeSubjectsAdvisorBy Issue DateThis CollectionTitlesAuthorsTypeSubjectsAdvisorBy Issue Date

My Account

LoginRegister

Statistics

View Usage Statistics
Política de Acceso Abierto URPortal de Revistas URRepositorio de Datos de Investigación URCiencia Abierta UR