Akay, Alpaslan; Martinsson, Peter; Medhin, Haileselassie; … - Institute for the Study of Labor (IZA) - 2009
ambiguity aversion.
JEL Classification: D81, C93, O12
Keywords: risk attitudes, ambiguity attitudes, poverty, cultural … same
decision tasks. The measure of ambiguity aversion controls for individual differences in risk
attitudes, and we relate … instructions and filled out the choice lists by
themselves.
2. Experimental results
2.1 Risk and ambiguity attitudes
Risk attitudes …