Ambiguity aversion in rhesus macaques [PDF]
Frontiers in Neuroscience, 2010 People generally prefer risky options, which have fully specified outcome probabilities, to ambiguous options, which have unspecified probabilities.
Benjamin eHayden +2 more
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Are ambiguity aversion and ambiguity intolerance identical?: A neuroeconomics investigation. [PDF]
Frontiers in Psychology, 2015 In recent years, there has been growing interest in understanding a person’s reaction to ambiguous situations, and two similar constructs related to ambiguity, ambiguity aversion and ambiguity intolerance, are defined in different disciplines.
Yusuke eTanaka +15 more
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Covid-19 outbreak, ambiguity aversion, and macroeconomic expectations [PDF]
China Economic Quarterly International, 2023 How will the outbreak of Covid-19 affect people's expectations on the macroeconomy? We conduct an online experiment in China to investigate the relationship between ambiguity aversion, risk aversion, and expectations about the macroeconomy after the ...
King King Li, Bo Huang
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Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion. [PDF]
PLoS ONE, 2020 Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiquitous phenomenon. While in some cases ambiguity aversion is an adaptive strategy, in many situations it leads to suboptimal decisions, as illustrated by ...
Ruonan Jia +4 more
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Cumulative lifetime stressor exposure assessed by the STRAIN predicts economic ambiguity aversion [PDF]
Nature Communications, 2022 Uncertainty is inherent in most decisions humans make. Economists distinguish between two types of decision-making under non-certain conditions: those involving risk (i.e., known outcome probabilities) and those that involve ambiguity (i.e., unknown ...
Candace M. Raio +5 more
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Children do not exhibit ambiguity aversion despite intact familiarity bias [PDF]
Frontiers in Psychology, 2015 The phenomenon of ambiguity aversion, in which risky gambles with known probabilities are preferred over ambiguous gambles with unknown probabilities, has been thoroughly documented in adults but never measured in children.
Rosa eLi +8 more
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Ambiguity, ambiguity aversion and stores of value: The case of Argentina
Cogent Economics & Finance, 2014 We study the household portfolio allocation in an economy with a history of nominal anchor volatility. Applying smooth ambiguity preferences to a static portfolio choice problem, we rationalize two facts about the Argentine experience of the last 20 ...
Eduardo Ariel Corso
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The Neurobase of ambiguity loss aversion about decision making [PDF]
Frontiers in Psychology, 2023 In our daily decision-making, there are two confusing problems: risk and ambiguity. Many psychological studies and neuroscience studies have shown that the prefrontal cortex (PFC) is an important neural mechanism for modulating the human brain in risk ...
Yiqin Hu +9 more
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Comparing descriptive and theoretical models of decision-making under uncertainty and their relation to socioeconomic factors. [PDF]
PLoS ONEThis study examines the selection and validation of measurement models for decision-making under uncertainty, with particular emphasis on the integration of socioeconomic contexts in these models. We critically compared four distinct models, differing in
Brendan Lam +3 more
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Blunted Ambiguity Aversion During Cost-Benefit Decisions in Antisocial Individuals [PDF]
Scientific Reports, 2017 Antisocial behavior is often assumed to reflect aberrant risk processing. However, many of the most significant forms of antisocial behavior, including crime, reflect the outcomes of decisions made under conditions of ambiguity rather than risk.
Joshua W. Buckholtz +4 more
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