learning. In repeat-choice situations, such learning brings value. If probabilities appear favorable (unfavorable), a choice …, decision makers often prove to be blind to the learning opportunities offered by uncertain probabilities. They forgo …, many make choices contrary to learning. Priming with optimal strategies offers little improvement. Such decision makers …

dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …

We design and conduct an economic experiment to investigate the learning process of agents under compound risk and … environments. Specifically, even after controlling for the initial prior, we and that when learning under ambiguity, subjects … significantly overweight the new signal, while when learning under compound risk, subjects are essentially Bayesian …

of optimal learning under tail risk …