Value and demand for genetic information and ambiguity aversion revisited Article Swipe
Stefan Felder
,
Dilek Sevim
·
YOU?
·
· 2024
· Open Access
·
· DOI: https://doi.org/10.1111/rmir.12277
YOU?
·
· 2024
· Open Access
·
· DOI: https://doi.org/10.1111/rmir.12277
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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Metadata
- Type
- article
- Language
- en
- Landing Page
- https://doi.org/10.1111/rmir.12277
- https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rmir.12277
- OA Status
- bronze
- References
- 48
- Related Works
- 10
- OpenAlex ID
- https://openalex.org/W4398221991
All OpenAlex metadata
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- OpenAlex ID
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https://openalex.org/W4398221991Canonical identifier for this work in OpenAlex
- DOI
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https://doi.org/10.1111/rmir.12277Digital Object Identifier
- Title
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Value and demand for genetic information and ambiguity aversion revisitedWork title
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articleOpenAlex work type
- Language
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enPrimary language
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2024Year of publication
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2024-05-22Full publication date if available
- Authors
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Stefan Felder, Dilek SevimList of authors in order
- Landing page
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https://doi.org/10.1111/rmir.12277Publisher landing page
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https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rmir.12277Direct link to full text PDF
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YesWhether a free full text is available
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bronzeOpen access status per OpenAlex
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https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/rmir.12277Direct OA link when available
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Ambiguity aversion, Ambiguity, Value (mathematics), Value of information, Economics, Actuarial science, Econometrics, Microeconomics, Financial economics, Statistics, Computer science, Mathematical economics, Mathematics, Programming languageTop concepts (fields/topics) attached by OpenAlex
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0Total citation count in OpenAlex
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