Experimental Evidence on the Relationship Between Perceived Ambiguity and Likelihood Insensitivity
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References listed on IDEAS
- Mark J. Machina, 2014. "Ambiguity Aversion with Three or More Outcomes," American Economic Review, American Economic Association, vol. 104(12), pages 3814-3840, December.
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More about this item
Keywords
Ambiguity; decision-making under uncertainty; likelihood insensitivity; multiple prior models;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2023-08-14 (Cognitive and Behavioural Economics)
- NEP-DCM-2023-08-14 (Discrete Choice Models)
- NEP-EXP-2023-08-14 (Experimental Economics)
- NEP-UPT-2023-08-14 (Utility Models and Prospect Theory)
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