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People often need to choose between alternatives with known probabilities (risk) and alternatives with unknown probabilities (ambiguity). Such decisions are characterized by attitudes towards ambiguity, which are distinct from risk attitudes. Studies of ambiguity attitudes have thus far focused...
Persistent link: https://www.econbiz.de/10011068487
Erev, Ert, and Roth organized three choice prediction competitions focused on three related choice tasks: one shot decisions from description (decisions under risk), one shot decisions from experience, and repeated decisions from experience. Each competition was based on two experimental...
Persistent link: https://www.econbiz.de/10011195734
Persistent link: https://www.econbiz.de/10004879384