Pessimistic outcome expectancy does not explain ambiguity aversion in decision-making under uncertainty
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DOI: 10.1038/s41598-019-48707-y
Abstract: When faced with a decision, most people like to know the odds and prefer to avoid ambiguity. It has been suggested that this aversion to ambiguity is linked to people’s assumption of worst possible outcomes.… read more here.
Keywords: decision; pessimistic outcome; explain ambiguity; ambiguity aversion ... See more keywords