Unintended hedging in ambiguity experiments |
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| Authors: | Jörg Oechssler Alex Roomets |
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| Institution: | 1. Department of Economics, University of Heidelberg, Germany;2. Department of Economics, Rochester Institute of Technology, United States |
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| Abstract: | We describe an ambiguity hedging problem in Ellsberg experiments, where combinations of individually ambiguous bets eliminate aggregate ambiguity, and which may yield incorrect classifications of ambiguity averse subjects. We propose a new classification consistent with this hedging possibility. |
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| Keywords: | C91 D81 |
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