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Ambiguity Aversion and Illusion of Control in an Emerging Market: Are Individuals Subject to Behavioral Biases?

In: Handbook of Behavioral Finance

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  • Benjamin Miranda Tabak
  • Dimas Mateus Fazio

Abstract

The Handbook of Behavioral Finance is a comprehensive, topical and concise source of cutting-edge research on recent developments in behavioral finance.

Suggested Citation

  • Benjamin Miranda Tabak & Dimas Mateus Fazio, 2010. "Ambiguity Aversion and Illusion of Control in an Emerging Market: Are Individuals Subject to Behavioral Biases?," Chapters, in: Brian Bruce (ed.), Handbook of Behavioral Finance, chapter 20, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13629_20
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    References listed on IDEAS

    as
    1. Craig R. Fox & Amos Tversky, 1995. "Ambiguity Aversion and Comparative Ignorance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 585-603.
    2. Gary Charness & Uri Gneezy, 2010. "Portfolio Choice And Risk Attitudes: An Experiment," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 133-146, January.
    3. repec:cup:judgdm:v:2:y:2007:i::p:390-397 is not listed on IDEAS
    4. Tomer, John F., 2007. "What is behavioral economics?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(3), pages 463-479, June.
    5. Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
    6. Uzi Segal & Alex Stein, 2005. "Ambiguity Aversion and the Criminal Process," Boston College Working Papers in Economics 615, Boston College Department of Economics, revised 27 Jul 2006.
    7. Pech, Wesley & Milan, Marcelo, 2009. "Behavioral economics and the economics of Keynes," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(6), pages 891-902, December.
    8. Pulford, Briony D. & Colman, Andrew M., 2007. "Ambiguous games: Evidence for strategic ambiguity aversion," MPRA Paper 86345, University Library of Munich, Germany.
    9. Fox, Craig R. & Weber, Martin, 2002. "Ambiguity Aversion, Comparative Ignorance, and Decision Context," Organizational Behavior and Human Decision Processes, Elsevier, vol. 88(1), pages 476-498, May.
    10. Shlomo Benartzi & Richard H. Thaler, 2002. "How Much Is Investor Autonomy Worth?," Journal of Finance, American Finance Association, vol. 57(4), pages 1593-1616, August.
    11. Heath, Chip & Tversky, Amos, 1991. "Preference and Belief: Ambiguity and Competence in Choice under Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 4(1), pages 5-28, January.
    12. Greenwald, Bruce C, 1980. "Admissible Rate Bases, Fair Rates of Return and the Structure of Regulation," Journal of Finance, American Finance Association, vol. 35(2), pages 359-368, May.
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