Empirical studies of ambiguity attitudes to date have focused on events of moderate likelihood. Extrapolation to rare events requires caution. In an Ellsberg-like experiment with very unlikely events, ...

As we continue to receive news of the spread of the coronavirus, we are learning to adapt individually and collectively. We sense this is a major disruption with far-ranging impact. We are uncertain ...

Journal of Risk and Uncertainty, Vol. 62, No. 2 (April 2021), pp. 157-176 (20 pages) We run an experiment to compare belief formation and learning under ambiguity and under compound risk at the ...

Trajectories of the vehicle-borne experiment on Google earth. Panel a Presents the overall bird’s eye view of the experiment, while panels b and c are the snapshots of the vehicle starting and driving ...

Experiments carried out at Oxford University have revealed that tectonic plates are weaker than previously thought. The finding explains an ambiguity in lab work that led scientists to believe these ...

Teenagers who chose to take more gambles in experiments despite not even knowing the chance of winning big or losing everything have been found to be more likely to report taking drugs or drinking and ...

In a series of experiments on choices between sure amounts of money and various kinds of gambles, researchers found that three-person groups are both less averse to ambiguity and less inclined to seek ...

2021 JUL 21 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News-- Investigators publish new report on Agriculture - Crop Insurance. According to news reporting from Kiel, Germany, ...