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Ambiguity aversion: bibliometric analysis and literature review of the last 60 years

Author

Listed:
  • Christoph Bühren

    (University of Kassel)

  • Fabian Meier

    (Hamm-Lippstadt University of Applied Science: Hochschule Hamm-Lippstadt)

  • Marco Pleßner

    (Hamm-Lippstadt University of Applied Science: Hochschule Hamm-Lippstadt)

Abstract

We conduct a bibliometric analysis and review the literature of the last six decades on ambiguity aversion. Comparing trends in theoretical, experimental, and empirical contributions, our study presents the main aspects that are discussed in this literature. We show the increasing relevance of ambiguity aversion for decision-making research and discuss factors influencing attitudes on ambiguity. Our literature review reveals unsolved problems in the research on ambiguity and gives an outlook on new ventures for future research.

Suggested Citation

  • Christoph Bühren & Fabian Meier & Marco Pleßner, 2023. "Ambiguity aversion: bibliometric analysis and literature review of the last 60 years," Management Review Quarterly, Springer, vol. 73(2), pages 495-525, June.
  • Handle: RePEc:spr:manrev:v:73:y:2023:i:2:d:10.1007_s11301-021-00250-9
    DOI: 10.1007/s11301-021-00250-9
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