Oechssler, Joerg; Roomets, Alex - In: Theory and decision : an international journal for … 90 (2021) 3/4, pp. 405-416
The Savage and the Anscombe-Aumann frameworks are the two most popular approaches used when modeling ambiguity. The former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place bets on the joint outcome of an ambiguous urn and a...
