Li, C. and Wakker, P. (2024). A Simple and General Axiomatization of Average Utility Maximization for Infinite Streams Journal of Economic Theory, 216:1--10.
Chen Li
University
Erasmus University Rotterdam
E-mail
Research field
Behavioral Economics
Interests
Experimental Economics, Intertemporal Choice, Learning, Risk and Uncertainty
Website
Biography
Chen Li is a Professor in Behavioural Economics at Erasmus School of Economics. Chen focuses on decision making under uncertainty and over time. Her research addresses questions such as whether the poor are more averse to ambiguity, how learning affect people's ambiguity attitudes, and how people's beliefs and attitudes towards uncertainty affect their decisions in social interactions
Key publications
Baillon, A., Halevy, Y. and Li, C. (2022). Randomize at Your Own Risk: On the Observability of Ambiguity Aversion Econometrica, 90(3):1085--1107.
Baillon, A., Bleichrodt, H., Li, C. and Wakker, PeterP. (2021). Belief hedges: Measuring ambiguity for all events and all models Journal of Economic Theory, 198:.
List of publications
Aydogan, I., Baillon, A., Kemel, E. and Li, C. (2025). How much do we learn?: Measuring symmetric and asymmetric deviations from Bayesian updating through choices Quantitative Economics, 16(1):329--365.
Li, C. and Wakker, P. (2024). A Simple and General Axiomatization of Average Utility Maximization for Infinite Streams Journal of Economic Theory, 216:1--10.
Baillon, A., Halevy, Y. and Li, C. (2022). Experimental elicitation of ambiguity attitude using the random incentive system Experimental Economics, 25(3):1002--1023.
Baillon, A., Halevy, Y. and Li, C. (2022). Randomize at Your Own Risk: On the Observability of Ambiguity Aversion Econometrica, 90(3):1085--1107.
Bleichrodt, H., Eichberger, J., Grant, S., Kelsey, D. and Li, C. (2021). Testing dynamic consistency and consequentialism under ambiguity European Economic Review, 134:.
Baillon, A., Bleichrodt, H., Li, C. and Wakker, PeterP. (2021). Belief hedges: Measuring ambiguity for all events and all models Journal of Economic Theory, 198:.
Li, C., Turmunkh, U. and Wakker, P. (2020). Social and Strategic Ambiguity versus Betrayal Aversion Games and Economic Behavior, 123:272--287.
Li, C. and Liu, N. (2020). What to tell? Wise communication and wise crowd Theory and Decision, 90:279--299.
Bleichrodt, H., Doctor, J., Gao, Y., Li, C., Meeker, D. and Wakker, P. (2020). Resolving Rabin’s Paradox Journal of Risk and Uncertainty, 59(3):239--260.
Li, C., Turmunkh, U. and Wakker, P. (2019). Trust as a Decision under Ambiguity Experimental Economics, 22:51--75.
Li, C. (2017). Are the Poor Worse at Dealing with Ambiguity Journal of Risk and Uncertainty, 54(3):239--268.
Bleichrodt, H., Li, C., Moscati, I. and Wakker, P. (2016). Nash Was a First to Axiomatize Expected Utility Theory and Decision, 81:309--312.
Wakker, P., Li, C. and Li, Z. (2014). If Nudge Cannot Be Applied: A Litmus Test of the Readers’ Stance on Paternalism Theory and Decision, 76(3):297--315.