Despite ample evidence of ambiguity preferences in individual decision making, experimental studies of ambiguity … therefore combine the predominant design for ambiguous prospects in individual decision making, the two-color Ellsberg urn, with … decision making control. We find no effects on transaction prices or quotes and also no effects on volume, volatility, or …

This paper suggests a behavioral, preference-based definition of loss aversion for decision under risk. This definition … of the study done in this paper, one of which is an extension to situations of decision under uncertainty with …

What matters to economic decision-making is whether the economy has become more or less predictable. People and … reversals, among other measures. The observed macroeconomic uncertainty affects proper economic decision-making and is not …