Ambiguity aversion in the long run : Repeated decisions under risk and uncertainty

@inproceedings{Liu2009AmbiguityAI,
  title={Ambiguity aversion in the long run : Repeated decisions under risk and uncertainty},
  author={Hsin-Hsien Liu and Andrew M. Colman},
  year={2009}
}
0167-4870/$ see front matter 2009 Elsevier B.V doi:10.1016/j.joep.2009.02.001 * Corresponding author. Tel.: +886 6 253 3131. E-mail addresses: ta0731@yahoo.com (H.-H. Liu) In two experiments, decision makers chose between risky and ambiguous gambles under conditions of both single (unrepeated) and multiply repeated choices. The gambles were presented either as modified Ellsberg urn choices or as marketing strategy decisions. In both experiments, decision makers chose the ambiguous options more… CONTINUE READING
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