This paper experimentally investigates individual information acquisition and decisions in ambiguous situations in … risk aversion, ambiguity attitude and personality traits are related to an individual’s information acquisition prior to a … decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a … a priori unknown to subjects. By acquiring information about the probability distribution of the lottery’s payoff s … request more information. Moreover, we investigate whether the relation between attitudes towards risk and ambiguity is linked …

In an overlapping generations maximization framework with consumers, whose information on uncertain future income …

is to address this wedge. We show that the presence of asymmetric information in a rational-agent framework can account …