Measuring the Degree of Ambiguity about Probability: Experimental Evidence

Different from previous studies that use a best estimate, interval, or sets of probabilities, we represent the degree of ambiguity through levels of information provided to subjects. The willingness to pay is higher when more amount of information is provided.

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Year of publication:	2005-11
Authors:	Morone, Andrea ; Ozdemir, Ozlem
Institutions:	Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
Subject:	experiments \| ambiguity \| uncertainty \| probability

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Extent:	application/pdf
Series:	Papers on Strategic Interaction.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	C92 - Laboratory; Group Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765194