Explaining Attitudes Towards Ambiguity
An Experimental Test of the Comparative Ignorance Hypothesis
Bibliographic Data
| ID | 10493979 |
|---|---|
| Authors | Paul Dolan (0000-0001-6180-2849, University of Sheffield, corresponding author), Martin K Jones (0000-0001-7231-9991, University of Dundee), Martin Jones (0000-0002-4627-2293) |
| Year | 2004 |
| Volume | 51 |
| Issue | 3 |
| Pages | 281-301 |
| Publication date | 2004-07-15 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.0036-9292.2004.00307.x |
| OpenAlex | W2152369535 |
| Language | EN |
| Citations received | 1 |
| References cited | 24 |
Many theories have been put forward to explain attitudes towards ambiguity. This paper reports on an experiment designed to test for the existence of Comparative Ignorance when it is tested over events with a range of different likelihoods. A total of 93 subjects valued a series of gambles, one of which was played out for real. The results do not lend support to the theory, although the relationship between risk and ambiguity does appear to correspond with other theories and previous empirical work
Ambiguity · Econometrics · Economics · Empirical research · Epistemology · Ignorance · Positive economics · Range (aeronautics · Series (stratigraphy · Test (biology · Computer Science · Decision-Making and Behavioral Economics · Engineering · Experimental Behavioral Economics Studies · Mathematics · Philosophy · Philosophy and History of Science · Psychology · Social Psychology
A Treatise on Probability
Measuring utility by a single-response sequential method
Preference and belief
Recent developments in modeling preferences
Contingent weighting in judgment and choice.
Weighing risk and uncertainty.
Ambiguity Aversion and Comparative Ignorance
Advances in prospect theory
Judgment under Uncertainty
Risk, Ambiguity, and the Savage Axioms
Prospect Theory
What Price Ambiguity? or the Role of Ambiguity in Decision-Making
Anomalies
Modeling Ambiguity in Decisions Under Uncertainty
| Citations per year | 0.05 |
|---|---|
| Citation span | 2007 - 2007 (1) |
| Highly cited | No |