Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Concept Videos

Conditioned Taste Aversion01:14

Conditioned Taste Aversion

610
Conditioned taste aversion, also known as sauce béarnaise syndrome, is a phenomenon in which an individual develops an aversion to a certain food taste following a negative experience, typically illness. This form of aversion is a type of classical conditioning in which the taste of the food (conditioned stimulus, CS) is associated with the experience of illness (unconditioned stimulus, UCS).
A notable characteristic of conditioned taste aversion is that it often requires only a single...
610
Gene-Environment Interactions01:20

Gene-Environment Interactions

1.2K
Gene expression is a dynamic process that is significantly influenced by environmental factors. This interaction underlies the complex nature of biological development and the phenotypic differences observed among individuals, even among those with identical genetic makeups. Factors such as radiation, temperature, behavior, nutrition, and stress play pivotal roles in determining how genes are expressed. The concept of the reaction range is central to understanding this interaction. It posits...
1.2K
Dynamic Equilibrium02:20

Dynamic Equilibrium

62.9K
A reversible chemical reaction represents a chemical process that proceeds in both forward (left to right) and reverse (right to left) directions. When the rates of the forward and reverse reactions are equal, the concentrations of the reactant and product species remain constant over time and the system is at equilibrium. A special double arrow is used to emphasize the reversible nature of the reaction. The relative concentrations of reactants and products in equilibrium systems vary greatly;...
62.9K
Background and Environment Affect Phenotype02:27

Background and Environment Affect Phenotype

7.7K
Although the genetic makeup of an organism plays a major role in determining the phenotype, there are also several environmental factors, such as temperature, oxygen availability, presence of mutagens, that can alter an organism’s phenotype.
An example of how genetic background affects phenotype can be seen in horses. The Extension gene in horses is responsible for their coat color. A wild-type gene (EE) produces black pigment in the coat, while a mutant gene (ee) produces red pigment. A...
7.7K
Transmission-based Precautions II: Airborne and Protective Environment01:25

Transmission-based Precautions II: Airborne and Protective Environment

2.0K
Transmission-based precautions are for patients infected or suspected to be infected (or colonized) with organisms posing a significant risk to others. The transmission precautions include airborne and protective environment precautions.
Airborne precautions:
Use airborne precautions when treating patients known or suspected to have diseases that spread through the air—for example, tuberculosis or measles. These organisms are present in smaller droplets expelled by an infected person and...
2.0K
Equation of Rotational Dynamics01:08

Equation of Rotational Dynamics

14.8K
Angular variables are introduced in rotational dynamics. Comparing the definitions of angular variables with the definitions of linear kinematic variables, it is seen that there is a mapping of the linear variables to the rotational ones. Linear displacement, velocity, and acceleration have their equivalents in rotational motion, which are angular displacement, angular velocity, and angular acceleration. Similar to the rotational variables, a mapping exists from Newton's second law of motion...
14.8K

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Association of glycemic variability with short- and long-term mortality in critically ill patients with trauma.

Scientific reports·2025
Same author

Stochastic responses and marginal valuation.

Proceedings of the National Academy of Sciences of the United States of America·2025
Same author

Robust inattentive discrete choice.

Proceedings of the National Academy of Sciences of the United States of America·2025
Same author

Green finance reform and application intensity of chemical fertilizer and pesticide: policy evidence from China.

Environmental science and pollution research international·2024
Same author

Do urban agglomeration planning policies promote the discharge reduction of industrial wastewater: Evidence from the Yellow River Basin in China.

Environmental research·2023
Same author

Glycolipid-Containing Nanoparticle Vaccine Engages Invariant NKT Cells to Enhance Humoral Protection against Systemic Bacterial Infection but Abrogates T-Independent Vaccine Responses.

Journal of immunology (Baltimore, Md. : 1950)·2021

Related Experiment Video

Updated: Feb 6, 2026

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.5K

Aversion to ambiguity and model misspecification in dynamic stochastic environments.

Lars Peter Hansen1,2,3, Jianjun Miao4,5,6

  • 1Department of Economics, University of Chicago, Chicago, IL 60637; lhansen@uchicago.edu.

Proceedings of the National Academy of Sciences of the United States of America
|August 30, 2018
PubMed
Summary
This summary is machine-generated.

This study introduces a new method for analyzing preferences that account for uncertainty and ambiguity aversion in dynamic economic models. The approach offers a tractable way to represent these complex preferences, aiding decision-making under uncertainty.

Keywords:
ambiguitymisspecificationriskrobustnessuncertainty

More Related Videos

Virtual Hand with Ambiguous Movement between the Self and Other Origin: Sense of Ownership and 'Other-Produced' Agency
08:01

Virtual Hand with Ambiguous Movement between the Self and Other Origin: Sense of Ownership and 'Other-Produced' Agency

Published on: October 28, 2020

6.1K
Investigating Migraine-Like Behavior Using Light Aversion in Mice
05:23

Investigating Migraine-Like Behavior Using Light Aversion in Mice

Published on: August 11, 2021

4.5K

Related Experiment Videos

Last Updated: Feb 6, 2026

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
13:04

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods

Published on: September 19, 2012

12.5K
Virtual Hand with Ambiguous Movement between the Self and Other Origin: Sense of Ownership and 'Other-Produced' Agency
08:01

Virtual Hand with Ambiguous Movement between the Self and Other Origin: Sense of Ownership and 'Other-Produced' Agency

Published on: October 28, 2020

6.1K
Investigating Migraine-Like Behavior Using Light Aversion in Mice
05:23

Investigating Migraine-Like Behavior Using Light Aversion in Mice

Published on: August 11, 2021

4.5K

Area of Science:

  • Economics
  • Decision Theory
  • Mathematical Finance

Background:

  • Subjective uncertainty and ambiguity aversion are critical factors in economic decision-making.
  • Existing models often struggle to incorporate nuanced responses to uncertainty in dynamic settings.
  • Generalizing previous analyses is essential for a comprehensive understanding of intertemporal preferences.

Purpose of the Study:

  • To propose a tractable approach for incorporating broadly conceived responses to uncertainty.
  • To develop recursive representations of intertemporal preferences that allow for penalized and smooth ambiguity aversion.
  • To construct continuous-time limiting Hamilton-Jacobi-Bellman equations for control problems under uncertainty.

Main Methods:

  • Generalizing previous analyses of preferences under uncertainty.
  • Illustrating the approach on stylized discrete-time stochastic environments with continuous-time limits.
  • Constructing recursive representations of intertemporal preferences.
  • Deriving continuous-time limiting Hamilton-Jacobi-Bellman equations.

Main Results:

  • A tractable method for incorporating penalized and smooth ambiguity aversion into intertemporal preferences.
  • The development of recursive preference representations applicable to dynamic settings.
  • The derivation of continuous-time limiting Hamilton-Jacobi-Bellman equations for control problems with uncertainty.

Conclusions:

  • The proposed approach offers a valuable analytical tool for disciplines dealing with subjective uncertainty.
  • Recursive preference representations provide a framework for understanding penalized and smooth ambiguity aversion.
  • The derived Hamilton-Jacobi-Bellman equations facilitate solving control problems in uncertain dynamic environments.