von Gaudecker, Hans-Martin; Wogrolly, Axel; Zimpelmann, … - 2022
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high …-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate … change. Estimating a structural stochastic choice model, we obtain three individual-level parameters: Ambiguity aversion …