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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Главные авторы: Bethany J. Weber, Wah Pheow Tan
Формат: Статья
Язык:English
Опубликовано: Cambridge University Press 2012-07-01
Серии:Judgment and Decision Making
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Online-ссылка:https://www.cambridge.org/core/product/identifier/S1930297500002734/type/journal_article