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Replication data for: The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation

Version
V0
Resource Type
Dataset
Creator
  • Abdellaoui, Mohammed
  • Baillon, Aurélien
  • Placido, Laetitia
  • Wakker, Peter P.
Publication Date
2011-04-01
Description
  • Abstract

    We often deal with uncertain events for which no probabilities are known. Several normative models have been proposed. Descriptive studies have usually been qualitative, or they estimated ambiguity aversion through one single number. This paper introduces the source method, a tractable method for quantitatively analyzing uncertainty empirically. The theoretical key is the distinction between different sources of uncertainty, within which subjective (choice-based) probabilities can still be defined. Source functions convert those subjective probabilities into willingness to bet. We apply our method in an experiment, where we do not commit to particular ambiguity attitudes but let the data speak. (JEL D81)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.101.2.695 (Text)
Publications
  • Abdellaoui, Mohammed, Aurélien Baillon, Laetitia Placido, and Peter P Wakker. “The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation.” American Economic Review 101, no. 2 (April 2011): 695–723. https://doi.org/10.1257/aer.101.2.695.
    • ID: 10.1257/aer.101.2.695 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Abdellaoui, Mohammed; Baillon, Aurélien; Placido, Laetitia; Wakker, Peter P. (2011): Replication data for: The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112410