Comparative Ignorance and the Ellsberg Phenomenon
Year: 2018
Type: article
Abstract: The "Ellsberg phenomenon" has played a significant role in research on imprecise probabilities. Fox and Tversky [5] have attempted to explain this phenomenon in terms of their "comparative ignorance" hypothesis. We challenge that explanation and present empirical work suggesting an explanation that is much closer to Ellsberg's own diagnosis.
DOI: 10.1184/r1/6491207
Authors: Arlo-Costa, Horacio, Helzner, Jeffrey
Institutions: Carnegie Mellon University, Columbia University
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2157336669