Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high …-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets—our main application—and climate change …. Estimating a structural stochastic choice model, we obtain three individual-level parameters: Ambiguity aversion, likelihood …