We compare preferences for temporal resolution when uncertainty is resolved over a probability rather than a value. In … whether values or probabilities define the main object of uncertainty. In our experiment, however, most subjects resolved …

avoid ambiguity even when it means choosing dominated options. In contrast to the literature, we find that 55% of subjects … prefer a risky act to an ambiguous act that always provides a larger probability of winning. Our experimental design shows … that such a preference is not mainly due to a lack of understanding. We conclude that subjects avoid ambiguity per se …

months. We also observe a reduction in the probability of politicians making verifiable statements, suggesting that fact …-checking may also increase the ambiguity of politicians' statements. …

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out …