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Ken Binmore, Lisa Stewart & Alex Voorhoeve (2012). How Much Ambiguity Aversion? Finding Indifferences Between Ellsberg's Risky and Ambiguous Bets.

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  1. Ambiguity Attitudes, Framing and Consistency.Alex Voorhoeve, Ken Binmore, Arnaldur Stefansson & Lisa Stewart - 2016 - Theory and Decision 81 (3):313-337.
    We use probability-matching variations on Ellsberg’s single-urn experiment to assess three questions: (1) How sensitive are ambiguity attitudes to changes from a gain to a loss frame? (2) How sensitive are ambiguity attitudes to making ambiguity easier to recognize? (3) What is the relation between subjects’ consistency of choice and the ambiguity attitudes their choices display? Contrary to most other studies, we find that a switch from a gain to a loss frame does not lead to a switch from ambiguity (...)
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