Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation … for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological … comparison to a control group who is taught something unrelated to reducing compound risk. We find that aversion to compound risk …