Value and demand for genetic information and ambiguity aversion revisited

IF 1.1 Q3 BUSINESS, FINANCE

Risk Management and Insurance Review Pub Date : 2024-05-22 DOI:10.1111/rmir.12277

Stefan Felder, Dilek Sevim

引用次数: 0

Abstract

We use the smooth ambiguity model to show that ambiguity aversion increases the value of and demand for genetic information for low prior beliefs of carrying a genetic mutation. We also examine an extension based on the ex ante uncertainty of the test results. The extended model, which accommodates ambiguity aversion only in the presence of new information, lowers the value of genetic information and leads to information avoidance. If this behavior is sufficiently strong, it could explain the low demand observed for genetic tests.

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基因信息的价值和需求与模糊厌恶再探讨

我们使用平滑模糊模型来说明，在携带基因突变的先验信念较低的情况下，模糊厌恶会增加基因信息的价值和需求。我们还研究了基于检测结果事先不确定性的扩展模型。扩展模型只在出现新信息时才考虑模糊厌恶，它降低了遗传信息的价值，并导致信息回避。如果这种行为足够强烈，它就可以解释对基因检测的低需求。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Risk Management and Insurance Review Economics, Econometrics and Finance-Finance

CiteScore

1.90

自引率

0.00%

发文量

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