Measuring Ambiguity Aversion
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چکیده
Loss Set A Set A Set A Set A Investment Set B Set B Set B Set B Insurance Set B Set B Set B Set B Furthermore, the subjects face four different types of information in both decision frames and treatments. The ‘precise’ information frame has exact probabilities and exact payments stated. In the ‘ambiguity in probability’ frames, the probability is stated as a range and the payment is fixed. Conversely, in the ‘ambiguity in payment’ frames, the probability is fixed and
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تاریخ انتشار 2006