Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion

Jia Ruonan; Sean Gao; Laurie R. Santos; Ifat Levy

doi:10.1371/journal.pone.0228782

Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion

Jia Ruonan, Sean Gao, Laurie R. Santos, Ifat Levy

Research output: Journal Article › Article › peer-review

Original language	American English
Journal	Plos One
DOIs	https://doi.org/10.1371/journal.pone.0228782
State	Published - Mar 2020
Externally published	Yes

Disciplines

Social and Behavioral Sciences
Psychology

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@article{8c2c6083ec164ca8bfdea0850a1352a1,

title = "Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion",

author = "Jia Ruonan and Sean Gao and Santos, \{Laurie R.\} and Ifat Levy",

note = "Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiquitous phenomenon. While in some cases ambiguity aversion is an adaptive strategy, in many situations it leads to suboptimal decisions, as illustrated by the famous Ellsberg Paradox. Behavioral interventions for reducing ambiguity aversion should therefore be of substantial practical value.",

year = "2020",

month = mar,

doi = "10.1371/journal.pone.0228782",

language = "American English",

journal = "Plos One",

}

TY - JOUR

T1 - Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion

AU - Ruonan, Jia

AU - Gao, Sean

AU - Santos, Laurie R.

AU - Levy, Ifat

N1 - Ambiguity aversion-the tendency to avoid options whose outcome probabilities are unknown-is a ubiquitous phenomenon. While in some cases ambiguity aversion is an adaptive strategy, in many situations it leads to suboptimal decisions, as illustrated by the famous Ellsberg Paradox. Behavioral interventions for reducing ambiguity aversion should therefore be of substantial practical value.

PY - 2020/3

Y1 - 2020/3

UR - https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0228782

U2 - 10.1371/journal.pone.0228782

DO - 10.1371/journal.pone.0228782

M3 - Article

C2 - 32130214

JO - Plos One

JF - Plos One

ER -

Learning about the Ellsberg Paradox reduces, but does not abolish, ambiguity aversion

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