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SUMMARY:Comparative Ambiguity Aversion for Smooth Utility Functions - Chia
 ki Hara (Kyoto University) 
DTSTART:20201015T120000Z
DTEND:20201015T130000Z
UID:TALK150274@talks.cam.ac.uk
CONTACT:CERF/CF Admin
DESCRIPTION:\n\nAbstract] When a twice differentiable utility function rep
 resents an \nambiguity-averse preference relation over the set of acts on 
 monetary \nconsequences\, we define a measure of ambiguity aversion.  The 
 measure is \ndetermined by the Hessian of the utility function and the sub
 jective \nprobability derived from it\, and allows us to compare two decis
 ion \nmakers' measure of ambiguity aversion even when they have different 
 risk \nattitudes and utility functions of forms that have been characteriz
 ed by \ndifferent axioms in the literature.  Implications on the numerical
  \nanalysis on portfolio
LOCATION:Online
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