Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an …

I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity … relative ambiguity attitude (compared to the peer's) significantly matters for shifts in individual attitudes, and that … dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …

The existence of ambiguity presents a challenge to decision-makers as it eliminates the ability to apply standard …, ambiguity arises in most strategically important decisions in some form because of the genuine limits on the decision … problems as strategic decision-making under ambiguity where choices over resource investments must be made in competitive …

We review recent advances in the field of decision making under uncertainty or ambiguity. …

compositions are identical. We identify choices that reveal an aversion to ambiguity about the relation between urns, thus … identifying a source of uncertainty different from the usual Knightian distinction between risk and ambiguity. Behavior is studied …

contribution, the paper extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion …, ambiguity aversion, and the propensity to smooth consumption over time. …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …

We examine a variety of preference-based definitions of ambiguous events in the context of the smooth ambiguity model … ambiguity model, we show that Ghirardato and Marinacci (2002) would identify the same set of ambiguous and unambiguous events as … more interesting source is that these two definitions can confound non-constant ambiguity attitude and the ambiguity of an …