1 citations · 2 across the 9 of their papers we have counts for
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A distance-based theory of lottery complexity
Giulio Principi
We propose a measure of lottery complexity that combines probabilistic dispersion with dissimilarity between outcomes. Taking degenerate lotteries, which yield a single outcome wit…
Absolute and Relative Ambiguity Attitudes
Francesco Fabbri, Giulio Principi, Lorenzo Stanca
We represent preferences that exhibit absolute or relative attitudes towards ambiguity without assuming convexity of preferences. Our analysis is motivated by the recent experiment…
Anticomonotonicity for Preference Axioms: The Natural Counterpart to Comonotonicity
Giulio Principi, Peter P. Wakker, Ruodu Wang
Comonotonicity (``same variation'') of random variables minimizes hedging possibilities and has been widely used, e.g., in Gilboa and Schmeidler's ambiguity models. This paper inve…
Recursive Preferences and Ambiguity Attitudes
Massimo Marinacci, Giulio Principi, Lorenzo Stanca
Monotonicity and recursivity are central assumptions in intertemporal consumption problems under ambiguity. We show that monotone recursive preferences admit both a recursive and a…