Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an ambiguous alternative in their possession for an unambiguous one? We present three experiments in which individuals preferred to retain the former. This status quo bias emerged both...

Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an ambiguous alternative in their possession for an unambiguous one? We present three experiments in which individuals preferred to retain the former. This status quo bias emerged both...

Despite the widespread popularity of scenario planning techniques as a basis for intervening in the strategic management process, there have been surprisingly few attempts to rigorously evaluate the extent to which, under what circumstances and for what reasons, these procedures yield useful...