Ambiguity aversion and trade
โ Scribed by Luciano I. de Castro; Alain Chateauneuf
- Publisher
- Springer
- Year
- 2011
- Tongue
- English
- Weight
- 385 KB
- Volume
- 48
- Category
- Article
- ISSN
- 0938-2259
No coin nor oath required. For personal study only.
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## Abstract This paper proposes that task format (choosing or rejecting) moderates the effect of ambiguity aversion. Specifically, an ambiguous option is more attractive in a choosing task than in a rejecting task compared with a risky option. The author performed three experiments to test the prop
## Abstract Although prior research has shown that some people prefer a risky to an ambiguous option, this study further proposes that people's regulatory focus (promotion vs. prevention) might influence their ambiguity aversion. Three experiments have tested whether people with promotion focus sho