Detailed surveys examine risk and uncertainty, from classical and foundational work through current developments …. Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance …

We apply a model of preferences for information to the domain of decision making under risk and ambiguity. An uncertain … unpleasant to think about, an individual tends to be averse to risk and ambiguity. Yet in circumstances in which thinking about … an information gap is pleasant, an individual may exhibit risk- and ambiguity-seeking. The model provides explanations …