Asano, Takao; Okudaira, Hiroko; Sasaki, Masaru - Institute of Economic Research, Kyoto University - 2015
The objective of this study is to design a laboratory experiment to explore the effect of ambiguity on a subject’s search behavior in a finite-horizon sequential search model. In so doing, we employ a strategy to observe the potential trend of reservation points that is usually unobserved. We...