EconPapers    
Economics at your fingertips  
 

Hope: An Empirical Study of Attitude toward the Timing of Uncertainty Resolution

Soo Hong Chew () and Joanna L Ho

Journal of Risk and Uncertainty, 1994, vol. 8, issue 3, 267-88

Abstract: Hope is experienced when there is enjoyment in delaying the resolution of uncertainty. The main objective of this article is to identify the phenomenon of hope. In addition, we empirically test several axiomatic theories of temporal preferences which have implications for attitudes toward the timing of uncertainty resolution. Overall, the data support the extension of recursive expected utility specification to incorporate a weighted utility model of attitude toward future uncertainty. We find that the instances where hopefulness are more prevalent tend to be associated with a small probability of occurrence of a large gain. Interestingly, the degree of hopefulness is not correlated with risk attitude. Copyright 1994 by Kluwer Academic Publishers

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (39) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jrisku:v:8:y:1994:i:3:p:267-88

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/11166/PS2

Access Statistics for this article

Journal of Risk and Uncertainty is currently edited by W. Kip Viscusi

More articles in Journal of Risk and Uncertainty from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2020-11-26
Handle: RePEc:kap:jrisku:v:8:y:1994:i:3:p:267-88