Cubitt, Robin P.; Kuilen, Gijs van de; Mukerji, Sujoy - 2017
We report an experiment where each subject's ambiguity sensitivity is measured by an ambiguity premium, a concept … about which subjects have imperfect, heterogeneous, information (''ambiguous tasks''). We show how the smooth ambiguity … model can be used to calculate ambiguity premia. A distinctive feature of our approach is estimation of each subject …