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PRODID:-//Columba Systems Ltd//NONSGML CPNG/SpringViewer/ICal Output/3.3-
 M3//EN
VERSION:2.0
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20261028T145527Z
DTSTART:20261028T170000Z
DTEND:20261028T180000Z
SUMMARY:MET Seminar - Matthew Polisson (Leicester)
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}lgg-mvs8kw7
 z-kk21hi
DESCRIPTION:Title: Ever since Ellsberg\n\nAuthors: Aluma Dembo\, Shachar 
 Kariv\, John K.-H. Quah & Matthew Polisson\n\nAbstract: Ellsberg's famou
 s paradox challenged Savage’s subjective expected utility theory (EUT) -
 -- which reduces uncertainty to risk --- by suggesting an aversion towar
 d ambiguity. We provide a revealed preference test of the full set of ax
 ioms underpinning subjective EUT under uncertainty and compare it to an 
 analogous test of objective EUT under risk. We find that individual choi
 ces are as consistent with utility maximization and expected utility max
 imization under uncertainty as they are under risk. Nevertheless\, there
  is greater empirical scope for non-EUT models under uncertainty than un
 der risk\, and the absolute and relative consistency of EUT and non-EUT 
 models vary considerably across subjects.\n\nContact: sophie.kreutzkamp@
 manchester.ac.uk
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:Arthur Lewis_2.016/2017 BOARDROOM \, Arthur Lewis Building\, Man
 chester
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