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 …

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 …

actual competence to measure knowledge of politics. This paper found evidence of both preference for ambiguity in the gain … and knowledge in individual decision making under ambiguity. Reactions to a natural source of uncertainty (i …. This paper also shows that a superior knowledge of politics was associated with a preference for ambiguity (i.e., the …

employees. Findings: The result shows that the competence and organizational culture significantly influence the commitment …. This implies to the manager that the increase of employee competence and the suitable organization culture are very …

We examine risk taking when the bank's preferences exhibit smooth ambiguity aversion. Ambiguity is modeled by a second … return risk. Ambiguity preferences are modeled by the (second-order) expectation of a concave transformation of the (first … banking firm finds it less attractive to take risk in the presence than in the absence of ambiguity. This result extends to …