Oechssler, Joerg; Rau, Hannes; Roomets, Alex - 2016
setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be … possible when carefully implementing RLIS. However, we also find low levels of ambiguity hedging across the board, suggesting … the existence of the hedging possibility does not necessarily represent a common problem in ambiguity experiments. …