Research map / Probabilistic and scientific modeling / Molecules and proteins
An Ambiguity Aversion Model for Decision Making under Ambiguity
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Measured effects reported in the paper
| What was changed | Where | Measured | Effect |
|---|---|---|---|
| model ambiguity degree and interval-valued expected utility instead of point probabilities | ambiguity aversion model · Ellsberg paradox | preference ordering | Helped |
| include ambiguity degree in evaluation | ambiguity aversion model · Machina 50:51 example | epsilon of c1 vs c2: 59.8 vs 40 | Helped |
| account for small objective advantage of c4 | ambiguity aversion model · Machina 50:51 example | epsilon of c4 vs c3: 59.8 vs 59.6 | Helped |
| distinguish ambiguity degrees of choices | ambiguity aversion model · Machina reflection example | epsilon of c2 vs c1: 47.4 vs 34.8 | Helped |
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