Machina, Mark J.; Siniscalchi, Marciano - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 729-807). 2014
The phenomena of ambiguity and ambiguity aversion , introduced in Daniel Ellsberg’s seminal 1961 article, are … describe Ellsberg’s classic urn paradoxes and the extensive experimental literature they have inspired. It continues with …