Article

Are Physicians Rational Under Ambiguity?

2023-04-04

Abstract excerpt

Do physicians behave rationally when facing a new disease? This study assesses physicians’ ambiguity attitudes towards the COVID-19 pandemic at its early breakout and the stock market using a revealed preference approach. We find that physicians exhibit significant deviation from expected utility, and they show substantial insensitivity towards changes in likelihood of ambiguous events. In addition, although they...

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Identifiers and source

Literature Corpus work: 59483101-97bb-5236-b281-b998ed23ea32
DOI: 10.2139/ssrn.4401422

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