Budescu, David V.; Kuhn, Kristine M.; Kramer, Karen M. - In: Revue d'économie politique 111 (2001) 1, pp. 7-28
Ellsberg?s famous paradox [1961] focused attention on the importance of the precision of the probabilities underlying risky choice. Following his seminal work numerous studies have demonstrated that people are generally averse to imprecisely specified (vague) probabilities. In many important...
