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Aug 4, 2014 - AWI Experimental Economics
Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin, 2014, "How do subjects view multiple sources of ambiguity? [Dataset]", https://doi.org/10.11588/data/10023, heiDATA, V1, UNF:5:opzxnDkbHOo4fM7i9CoiIw== [fileUNF]
As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rather than with unknown probabilities, i.e., they are ambiguity averse. In an experiment, we examine subjects’ choices when there is an additional source of ambiguity, namely, when th... |