Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
for ambiguity aversion. However, compound risk aversion and ambiguity aversion may also be independent psychological … studies, we observe a strong correlation between compound risk aversion and ambiguity aversion, but this correlation only … aversion and ambiguity aversion do not share the same psychological foundations. While compound risk aversion is primarily …