This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …

This paper's objective is to design a laboratory experiment to explore the effect of Knightian uncertainty on a subject … distribution is known. We also find direct evidence that subjects reduce their own reservation point when there is ambiguity about … the point distribution. These results support the implication of Nishimura and Ozaki (2004). Moreover, ambiguity notably …

The objective of this study is to design a laboratory experiment to explore the effect of ambiguity on a subject … their reservation points in the face of ambiguity over point distribution. Our result is consistent with the theoretical …

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … concepts, we conduct a dynamic extension of Ellsbergʼs 3-color experiment. We find that more subjects act in line with … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …

's three color experiment and that subjects act more often in line with consequentialism than with dynamic consistency. …

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin … concepts, we conduct a dynamic extension of Ellsbergʼs 3-color experiment. We find that more subjects act in line with … consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. …

-scale incentivized experiment with subjects randomly drawn from the Danish population. On average, decision makers take the same risks …