@techreport{c7ea640106374da3a3a01382417d358d,
title = "Dundee Discussion Papers in Economics 131: Explaining attitudes towards ambiguity: an experimental test of the comparative ignorance hypothesis",
abstract = "Many theories have been put forward to explain attitudes towards ambiguity. This paper reports on an experiment designed to test for the existence of Comparative Ignorance when it is tested over different levels of probabilities. A total of 93 subjects valued a series of gambles, one of which was played out for real. The results do not lend support to the theory, although the relationship between risk and ambiguity does appear to correspond with other theories and previous empirical work.",
keywords = "Ambiguity, Comparative ignorance",
author = "Paul Dolan and Martin Jones",
note = "The definitive version is available at www3.interscience.wiley.com This paper was also published by Wiley in Scottish Journal of Political Economy, Vol. 51(3), pp. 281-301 ",
year = "2002",
language = "English",
series = "Dundee Discussion Papers in Economics",
publisher = "University of Dundee",
number = "131",
type = "WorkingPaper",
institution = "University of Dundee",
}