and economics, ambiguity aversion (also known as uncertainty aversion) is a preference for known risks over unknown risks. An ambiguity-averse individual...

paradox in his 1961 paper, "Risk, Ambiguity, and the Savage Axioms". It is generally taken to be evidence of ambiguity aversion, in which a person tends to...

The ambiguity effect is a cognitive tendency where decision making is affected by a lack of information, or "ambiguity". The effect implies that people...

In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even...

context of global politics, a policy of deliberate ambiguity (also known as a policy of strategic ambiguity or strategic uncertainty) is the practice by a...

Ambiguity aversion Brand aversion Dissent aversion in the United States of America Endowment effect, also known as divestiture aversion Food aversion...

"better the devil you know than the devil you don't", describing ambiguity aversion. The Devil You Know may refer to: The Devil You Know (film), a 2013...

Tversky and Fox (1995) addressed ambiguity aversion, the idea that people do not like ambiguous gambles or choices with ambiguity, with the comparative ignorance...

inexactness. Ambiguity may also refer to: Amtybiguity (album) Ambiguity (horse), 20th-century racer Ambiguity (law), contract law situation Ambiguous name, botanical...

and complicated that an average person cannot understand it (see ambiguity aversion), so one assumes that those who work on it understand it. However...

psychologically richer theory of the determinants Allais paradox Ambiguity aversion Bayesian probability Behavioral economics Decision theory Generalized...

concerns during the period. This is a list of books about risk issues: Ambiguity aversion Absolute risk Benefit shortfall Civil defence Countermeasure Early...

individuals try to avoid ambiguity and prefer precise over vague information. However, concrete evidence of vagueness aversion has only been proven in...

and low uncertainty avoidance or the opposite. Ambiguity aversion also known as uncertainty aversion Cross-cultural communication Cross-cultural leadership...

problem in itself. Ellsberg paradox: People exhibit ambiguity aversion (as distinct from risk aversion), in contradiction with expected utility theory. Fenno's...

at the beginning of the film A Serious Man (2009), Coen Brothers Ambiguity aversion Concision Complexity Degree of difficulty Elegance KISS principle...

knowledge the same. This difference in treatment is also termed "ambiguity aversion". A black swan event, as analyzed by Nassim Nicholas Taleb, is an...

taxpayers must calculate and pay the greater of the AMT or regular tax. ambiguity aversion Any preference for known risks over unknown risks. American school...

mirror neurons. 1996 – Amos Tversky defined ambiguity aversion, the idea that people do not like ambiguous choices, relating it to comparative ignorance...

; Meijers, Huub (April 2009). "Gender Differences in Risk Aversion and Ambiguity Aversion" (PDF). Journal of the European Economic Association. 7 (2–3):...

cortex. One aspect of human decision-making is a strong aversion to potential loss. Under loss aversion, the perceived cost of loss is experienced more intensely...

cancer. However, the authors noted that women with a high level of ambiguity aversion were less likely to desire future mammograms; this was especially...

1049–1074. Maccheroni, F., Marinacci, M., & Rustichini, A. (2006). Ambiguity aversion, robustness, and the variational representation of preferences. Econometrica...

Hurwicz decision rule. Other approaches appear in the literature. Ambiguity aversion Robust decision making Imprecise Dirichlet process Kolmogorov, A....

Roy Kouwenberg, Olivia S. Mitchell and Kim Peijnenburg. (2016). “Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence.” Journal...

Decision Sciences at Bocconi University. His most influential work is on ambiguity aversion, an area in which he has published multiple papers with over 1000...

assess their loss and gain perspectives in an asymmetric manner (see loss aversion). For example, for some individuals, the pain from losing $1,000 could...

for cognition, and low, rather than high, need for structure and aversion ambiguity, correlate positively with many indicators of creativity. Thus, groups...

conflict between other, opposing parties. Ellsberg paradox or also ambiguity aversion: The negotiator uses the human bias toward the option they know most...

Origin of Optimism, Loss Aversion and Disappointment Aversion". SSRN 3108432. Dawson C, Johnson SG (8 April 2021). "Dread Aversion and Economic Preferences"...