subjects' 'internal' ambiguity aversion increases in performance in the high-competence task and that 'external' ambiguity … confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the … multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …

subjects’ “internal” ambiguity aversion increases in performance in the high-competence task and that “external” ambiguity … confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the … multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …

Competence has been recently proposed as an explanation for the degree of ambiguity aversion. Using general knowledge … that the sum of certainty equivalents for both bets depends on the judged knowledge of the class of events. We also … elicited the decision weights for events and complementary events. We found a similar effect of knowledge on the sum of …

(SEU) in terms of knowledge and belief. It is shown that observable behavior displays sensitivity to ambiguity if and only … if knowledge and belief disagree. In addition, such an epistemic interpretation of ambiguity leads to dynamically …

Competence has been recently proposed as an explanation for the degree of ambiguity aversion. Using general knowledge … that the sum of certainty equivalents for both bets depends on the judged knowledge of the class of events. We also … elicited the decision weights for events and complementary events. We found a similar effect of knowledge on the sum of …

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 …

There is a large theoretical literature in both economics and psychology on decision making under ambiguity (as … design, in which we create genuine ambiguity in the laboratory and can control the amount of ambiguity, we generate data … how the fit changes when we vary the ambiguity. We find that the Choquet formulation performs best overall, though it is …

This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an … insurance markets. When it comes to willingness to pay, people exhibit ambiguity seeking behaviors. They are willing to pay more … under risk than under ambiguity (embracing here imprecision and conflict), revealing that people consider ambiguous …