Ambiguity aversion in a delay analogue of the Ellsberg Paradox
Decision makers are often ambiguity averse, preferring options with subjectively known probabilities to options with unknown probabilities. The Ellsberg paradox is the best-known example of this phenomenon. Ambiguity has generally been studied in the domain of risky choice, and many theories of ambi...
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Fformat: | Erthygl |
Iaith: | English |
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Cambridge University Press
2012-07-01
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Cyfres: | Judgment and Decision Making |
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Mynediad Ar-lein: | https://www.cambridge.org/core/product/identifier/S1930297500002734/type/journal_article |