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Ambiguity, uncertainty aversion and equilibrium welfare

โœ Scribed by Rose-Anne Dana


Publisher
Springer
Year
2004
Tongue
English
Weight
185 KB
Volume
23
Category
Article
ISSN
0938-2259

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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