This paper experimentally investigates individual information acquisition and decisions in ambiguous situations in … risk aversion, ambiguity attitude and personality traits are related to an individual’s information acquisition prior to a … decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a … a priori unknown to subjects. By acquiring information about the probability distribution of the lottery’s payoff s … request more information. Moreover, we investigate whether the relation between attitudes towards risk and ambiguity is linked …

market where information arrives sequentially over time to investigate the sources of these phenomena. We find that prices …-reaction decreases in magnitude when information announcement is perfectly public, but still persists. We reject behavioral explanations … over-reaction: when information arrives sequentially over time, the market is characterized by a slow convergence toward …

technology in the market. Information about the market technology’s efficiency is publicly available, and thus can be acquired … information about the market technology. The reason is that, the principal uses uncertainty as a device to provide a truth …