Klein, William M. P.; Cerully, Jennifer L.; Monin, … - In: Judgment and Decision Making 5 (2010) 3, pp. 192-199
competence hypothesis (Heath & Tversky, 1991), this pattern derives from favorable perceptions of one's competence. In most past … tests of the competence hypothesis, ambiguity is confounded with personal controllability and the source of the ambiguity (e … effects of both ambiguity aversion and competence. In Experiment 1, participants preferred an unambiguous chance-based option …