Muthukrishnan, A. V.; Wathieu, Luc; Xu, Alison Jing - In: Management Science 55 (2009) 12, pp. 1933-1941
We propose that ambiguity aversion, as introduced in the literature on decision making under uncertainty, drives a preference for established brands in multiattribute choices among branded alternatives. Established brands are those for which belief in quality is held with greater confidence,...