摘要: This paper first defines an increase in ambiguity and an increase in downside ambiguity. We then provide comparative criteria for ambiguity aversion and downside ambiguity aversion. Different from the finding that the comparative criterion for risk aversion is variant with the measure of the premium to reduce risks, we show that the criteria remain the same, whether the premiums to reduce ambiguity and downside ambiguity are measured by utility or money. Under the criteria, a more ambiguity-averse (downside-ambiguity-averse) individual is shown to spend more effort in reducing ambiguity (downside ambiguity) than a less ambiguity-averse (downside-ambiguity-averse) individual. 出版者: Amsterdam: Elsevier B.V 出版日期: 2015-05-01 出處: Insurance, mathematics & economics, 2015-05, Vol.62, p.257-269 資源來源: Elsevier ScienceDirect Journals Complete - Autoholdings 版權: 2015 Elsevier B.V. 版權: Copyright Elsevier Sequoia S.A. May 2015 識別號: ISSN: 0167-6687 識別號: EISSN: 1873-5959 識別號: DOI: 10.1016/j.insmatheco.2015.04.002 識別號: CODEN: IMECDX