Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - 2015
risk preferences. Here, we develop an analogous tool for choice under uncertainty – the ambiguity triangle – and show that … indifference curves in this triangle capture preferences for unknown probabilities. In particular, the ambiguity triangle allows us …% of subjects are ambiguity averse, 22% are ambiguity seeking, and 30% are close to ambiguity neutral. The ambiguity …