Purpose: Information and communication technologies (ICT) are increasingly becoming an important component of economic development. ‘Ecosystems’ are one way of understanding complex interactions and relationships. Luxembourg’s ICT sector is usually characterised as performing admirably -...

In this paper, we consider a decision-maker who tries to learn the distribution of outcomes from previously observed cases. For each observed database of cases the decision-maker predicts a set of priors expressing his beliefs about the underlying probability distribution. We impose a version of...

Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...