This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments …. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ranging from low to … high. Attitudes towards risk and attitudes towards ambiguity are disentangled, providing pure measures of ambiguity …

regarding the realization likelihood of cash flows, the subjective attitude towards risk, and the attitude towards ambiguity …. While previous literature looks at the total price discount under ambiguity, this paper investigates with laboratory … belief effects, the risk premiums, and the ambiguity premiums from each other. Both methods lead to similar results: Overall …

We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of … an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …-taking which does not reverse over the following days. When ambiguity is high, the effect of sentiment looms larger. Survey …

Decisions under ambiguity depend on the beliefs regarding possible scenarios and the attitude towards ambiguity. This …

-additive survival beliefs expressing ambiguity attitudes. We embed these neo-additive survival beliefs as decision weights in a Choquet …

Decisions under ambiguity depend on both the belief regarding possible scenarios and the attitude towards ambiguity …

Decisions under ambiguity depend on both the belief regarding possible scenarios and the attitude towards ambiguity …. This paper exclusively investigates the belief formation and belief updating process under ambiguity, using laboratory …

This paper sets up an experimental asset market in the laboratory to investigate the effects of ambiguity on price … formation and trading behavior in financial markets. The obtained trading data is used to analyze the effect of ambiguity on … trading) and to test the quality of popular empirical market-based measures for the degree of ambiguity. We find that …