{"id":"https://openalex.org/W2018491700","doi":"https://doi.org/10.1257/aer.20131030","title":"Preferences for Flexibility and Randomization under Uncertainty","display_name":"Preferences for Flexibility and Randomization under Uncertainty","publication_year":2015,"publication_date":"2015-03-01","ids":{"openalex":"https://openalex.org/W2018491700","doi":"https://doi.org/10.1257/aer.20131030","mag":"2018491700"},"language":"en","primary_location":{"id":"doi:10.1257/aer.20131030","doi":"https://doi.org/10.1257/aer.20131030","is_oa":false,"landing_page_url":"https://doi.org/10.1257/aer.20131030","pdf_url":null,"source":{"id":"https://openalex.org/S23254222","display_name":"American Economic Review","issn_l":"0002-8282","issn":["0002-8282","1944-7981"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101976650","display_name":"Kota Saito","orcid":"https://orcid.org/0000-0003-1189-8912","observed_orcids":["https://orcid.org/0000-0003-1189-8912"]},"institutions":[{"id":"https://openalex.org/I122411786","display_name":"California Institute of Technology","ror":"https://ror.org/05dxps055","country_code":"US","type":"education","lineage":["https://openalex.org/I122411786"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kota Saito","raw_affiliation_strings":["Division of the Humanities and Social Sciences, California Institute of Technology, MC 228-77, 1200 E. California Blvd., Pasadena, CA 91125 (e-mail: )"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Division of the Humanities and Social Sciences, California Institute of Technology, MC 228-77, 1200 E. California Blvd., Pasadena, CA 91125 (e-mail: )","institution_ids":["https://openalex.org/I122411786"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5101976650"],"corresponding_institution_ids":["https://openalex.org/I122411786"],"apc_list":null,"apc_paid":null,"fwci":3.5351,"has_fulltext":false,"cited_by_count":63,"citation_normalized_percentile":{"value":0.91854087,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"105","issue":"3","first_page":"1246","last_page":"1271"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/uncertainty-aversion","display_name":"uncertainty aversion","score":0.9240000247955322},{"id":"https://openalex.org/keywords/randomization","display_name":"randomization","score":0.6759999990463257},{"id":"https://openalex.org/keywords/betting","display_name":"betting","score":0.4300000071525574},{"id":"https://openalex.org/keywords/subjective-beliefs","display_name":"subjective beliefs","score":0.8820000290870667},{"id":"https://openalex.org/keywords/decision-making-under-uncertainty","display_name":"decision making under uncertainty","score":0.5360000133514404},{"id":"https://openalex.org/keywords/preference-for-flexibility","display_name":"preference for flexibility","score":0.3659999966621399}],"concepts":[{"id":"https://openalex.org/C2779662365","wikidata":"https://www.wikidata.org/wiki/Q5416694","display_name":"Event (particle physics)","level":2,"score":0.6983699798583984},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.6873342990875244},{"id":"https://openalex.org/C88548561","wikidata":"https://www.wikidata.org/wiki/Q347599","display_name":"sort","level":2,"score":0.6672399640083313},{"id":"https://openalex.org/C204243189","wikidata":"https://www.wikidata.org/wiki/Q1363085","display_name":"Randomization","level":3,"score":0.5659309029579163},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5440759658813477},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5240792632102966},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5135286450386047},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5028156638145447},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.35376691818237305},{"id":"https://openalex.org/C168563851","wikidata":"https://www.wikidata.org/wiki/Q1436668","display_name":"Randomized controlled trial","level":2,"score":0.06443968415260315},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C23123220","wikidata":"https://www.wikidata.org/wiki/Q816826","display_name":"Information retrieval","level":1,"score":0.0},{"id":"https://openalex.org/C141071460","wikidata":"https://www.wikidata.org/wiki/Q40821","display_name":"Surgery","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1257/aer.20131030","doi":"https://doi.org/10.1257/aer.20131030","is_oa":false,"landing_page_url":"https://doi.org/10.1257/aer.20131030","pdf_url":null,"source":{"id":"https://openalex.org/S23254222","display_name":"American Economic Review","issn_l":"0002-8282","issn":["0002-8282","1944-7981"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:authors.library.caltech.edu:56910","doi":null,"is_oa":false,"landing_page_url":"https://resolver.caltech.edu/CaltechAUTHORS:20150423-100723008","pdf_url":null,"source":{"id":"https://openalex.org/S4306402161","display_name":"CaltechAUTHORS (California Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I122411786","host_organization_name":"California Institute of Technology","host_organization_lineage":["https://openalex.org/I122411786"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"},{"id":"pmh:oai:RePEc:aea:aecrev:v:105:y:2015:i:3:p:1246-71","doi":null,"is_oa":false,"landing_page_url":"http://www.aeaweb.org/articles.php?doi=10.1257/aer.20131030","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W617973407","https://openalex.org/W1500292139","https://openalex.org/W1550380623","https://openalex.org/W1965761421","https://openalex.org/W1983714489","https://openalex.org/W2003996846","https://openalex.org/W2004220372","https://openalex.org/W2027047704","https://openalex.org/W2057488803","https://openalex.org/W2061588115","https://openalex.org/W2067477904","https://openalex.org/W2098644555","https://openalex.org/W2107208425","https://openalex.org/W2109691805","https://openalex.org/W2133993823","https://openalex.org/W2137248257","https://openalex.org/W2152123915","https://openalex.org/W2187767672","https://openalex.org/W2270105360","https://openalex.org/W4232419123"],"related_works":["https://openalex.org/W4243251095","https://openalex.org/W7096227650","https://openalex.org/W2066338544","https://openalex.org/W1575278246","https://openalex.org/W3125232461","https://openalex.org/W2905623913","https://openalex.org/W2024396256","https://openalex.org/W3020923757","https://openalex.org/W7124473088","https://openalex.org/W1524771814"],"abstract_inverted_index":{"An":[0],"uncertainty-averse":[1],"agent":[2,23],"prefers":[3],"betting":[4,13],"on":[5,14],"an":[6,15,22,53],"event":[7,16],"whose":[8,17],"probability":[9,18],"is":[10,19],"known,":[11],"to":[12,28],"unknown.":[20],"Such":[21],"may":[24],"randomize":[25],"his":[26],"choices":[27],"eliminate":[29,42],"the":[30,43,70,78],"effects":[31,44,79],"of":[32,37,45,58,80],"uncertainty.":[33,81],"For":[34],"what":[35],"sort":[36],"preferences":[38,55],"does":[39],"a":[40,62,75],"randomization":[41,76],"uncertainty?":[46],"To":[47],"answer":[48],"this":[49],"question,":[50],"we":[51,67],"investigate":[52],"agent's":[54,71],"over":[56],"sets":[57],"acts.":[59],"We":[60],"axiomatize":[61],"utility":[63],"function,":[64],"through":[65],"which":[66],"can":[68],"identify":[69],"subjective":[72],"belief":[73],"that":[74],"eliminates":[77],"(JEL":[82],"D11,":[83],"D81)":[84]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":10},{"year":2020,"cited_by_count":10},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
