CMMU FACULTY MEMBER PUBLISHES IN SCOPUS Q1 JOURNAL

Research by CMMU faculty member Assoc. Prof. Dr. Roy Kouwenberg on people's attitudes towards uncertainty has been published in the Journal of Risk and Uncertainty, a leading journal in the field (Scopus quartile Q1). The article is titled "Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field" and a joint work with Dr. Kim Peijnenburg of Bocconi University in Milan, Dr. Steve Dimmock of Nanyang Technological University in Singapore and Prof. Olivia Mitchell of the Wharton School (U of Pennsylvania).  This publication further strengthens CMMU position as a top business school in Thailand.

Most decisions in life involve so-called "unknown unknowns", uncertain events for which we do not know the exact probabilities. Many people are averse of ambiguity, meaning that they prefer making decisions with known probabilities (risk) compared to decision-making with unknown probabilities (ambiguity). However, some people are ambiguity seeking and enjoy making decisions under uncertainty essay writing service. This research measures the ambiguity attitudes of more than 3,000 people in the U.S. population, using a representative sample. The study finds that ambiguity aversion is common for uncertain events of moderate to high likelihood involving gains, but most people are ambiguity seeking for low likelihoods and for losses. The study’s results can be used by other researchers to analyze the economic and financial implications of such preferences.

Link to the published article: http://link.springer.com/article/10.1007/s11166-015-9227-2System.String[]