Arend, Richard J. - In: Administrative Sciences 12 (2022) 3, pp. 1-19
With this research, we contribute to the study of ambiguity by analyzing how it can be handled in a rational, objective … offers a simple model and approach to consider as benchmarks when assessing the impact of an ambiguity level of information … against cases where more precise information is available. We identify the many costs of ambiguity, including direct absolute …