Objective. To evaluate the role of health plan benefit design and price on consumers' decisions to purchase health … insurance in the nongroup market and their choice of plan.Data Sources and Study Setting. Administrative data from the three …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information … ambiguity by describing outcomes and probabilities using either point estimates or ranges of values. Results replicated those of … Study 1, with no effects of ambiguity on information distortion. …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information …, we manipulated ambiguity by describing outcomes and probabilities using either point estimates or ranges of values …. Results replicated those of Study 1, with no effects of ambiguity on information distortion. …

of success, expected payoffs, the level of ambiguity regarding success, and preferences to compete. I explore the effects … unique experiment design to measure ambiguity aversion, which can be modified to also control for risk aversion. A measure of … ambiguity aversion has value as individuals in labor markets have ambiguous signals about their probabilities of success in …

unilateral accident model under ambiguity. To incorporate ambiguity, I adopt the Choquet expected utility framework and represent …Standard accident models are based on the expected utility framework and represent agents’ beliefs about accident risk … with a probability distribution. Consequently, they do not allow for Knightian uncertainty, or ambiguity, with respect to …

subjective expected utility theory in the dynamic experiment. Several subjects who are classified as ambiguity-neutral in the …This thesis deals with decision making under ambiguity. Ambiguity refers to situations in which probabilities for … studied phenomenon, then, first of all, there is an ample empirical evidence confirming ambiguity-sensitive behavior, and …

field experiments. The first two essays examine two core elements of economic rationality; expected utility theory and … Bayesian updating. The essays consider, respectively, ambiguity, and information cascades, in environments in which limitations … explicitly considered.Decision making under ambiguity has been of interest to economists since the 1920's (Knight (1921), Keynes …