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- W72826171 abstract "Ambiguity aversion originally reported in conjunction with Ellsberg paradox appears to have established a law-like status in both empirical and normative researches that are mostly confined in the betting context. The present paper was designed to test its generality in a wider, natural context, using three psychological measures ― belief, preference and willingness. Subjects responded to these measures in the choice problems of a hospital and a driving-school that differed in the locus of control over outcome uncertainties. The effects of framing and relativity of uncertainty were examined as the between-subjects factors. The results were in sharp contrast with the previous findings. That is, there was little evidence for ambiguity aversion, but ambiguity seeking and indifference were predominant" @default.
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- W72826171 date "1994-01-01" @default.
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- W72826171 title "Belief, preference and willingness under ambiguity" @default.
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- W72826171 doi "https://doi.org/10.4992/psycholres1954.36.29" @default.
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