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How to pronounce “ambiguity aversion”
Hear “ambiguity aversion” in real YouTube speech, then study definitions and example sentence snippets.
Pronunciation guide for ambiguity aversion
- Learning goal
- Practice the English pronunciation of ambiguity aversion with real speech in context.
- Available examples
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- Definition summary
- (economics, decision theory) A preference for known risks over unknown risks: that is, favoring an option where the probability distribution of the outcomes is known over one where the probabilities are unknown.
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A Deep Dive Into “ambiguity aversion”
Meaning
- [Noun]
- (economics, decision theory) A preference for known risks over unknown risks: that is, favoring an option where the probability distribution of the outcomes is known over one where the probabilities are unknown.
Practice Nearby Words
risk aversion, subjective expected utility, expected utility hypothesis, multi-attribute utility, decision theory, outcome bias, conservatism, preference, risk compensation, possibility theory, probabilistic logic, time preference, knightian uncertainty, optimal decision, subjective logic, consumer choice, action bias, information asymmetry, exponential utility, exponential discounting, robust control, principle of indifference, decision-making, ordinal utility, conditional probability, probability theory, neglect of probability, endowment effect, rational choice theory, minimax, representativeness heuristic, transaction cost, mere-exposure effect, market risk, ellsberg paradox, less-is-better effect, risk parity, prior probability, decision rule, regular conditional probability, bounded rationality, bayesian statistics, social choice theory, convex preferences, expected value, delayed gratification, perfect information, lexicographic preferences, fredkin's paradox, perfect bayesian equilibrium, coase theorem, law of total probability, isoelastic utility, choice modelling, cost-effectiveness analysis, hesitation, calculated risk, demand, systematic risk, law of demand, risk analysis, game theory, social exchange theory, adaptive expectations, anchoring, mathematical statistics, premack's principle, risk measure, stochastic programming, allais paradox, independence, financial risk modeling, substitution effect, optimization problem, present value, applied economics, negative utilitarianism, bayes' theorem, bias of an estimator, algorithmic probability, supply and demand, time value of money, insensitivity to sample size, attribute substitution, propagation of uncertainty, precautionary principle, complete information, bayesian game, present bias, mathematical economics, conditional variance, conditional independence, satisficing, inbreeding avoidance, mutual exclusivity, posterior predictive distribution, psychology of reasoning, equivalent variation, marginal utility, probability
Similar Sounds
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