Publications by authors named "Robin Cubitt"
Article Synopsis
- The study measures how sensitive individuals are to ambiguity by calculating an ambiguity premium, similar to the risk premium used in finance.
- The experiment involves tasks with known risks and tasks with uncertainty, where participants have varying levels of information.
- Results show significant differences in how people perceive ambiguity, and overall, the sensitivity to ambiguity is found to be comparable to sensitivity to risk.
This paper reports data from three subject pools (=717 subjects) using techniques based on those of Loewenstein, et al. (1989) and Blanco, et al. (2011) to obtain parameters, respectively, of stated and revealed inequality aversion.
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