An examination of ambiguity aversion: Are two heads better than one?

L. Robin Keller; Rakesh K. Sarin; Jayavel Sounderpandian

doi:10.1017/S193029750000053X

Judgment and Decision Making (Dec 2007)

An examination of ambiguity aversion: Are two heads better than one?

L. Robin Keller,
Rakesh K. Sarin,
Jayavel Sounderpandian

Affiliations

L. Robin Keller: The Paul Merage School of Business, University of California, Irvine
Rakesh K. Sarin: UCLA Anderson School of Management, University of California, Los Angeles
Jayavel Sounderpandian: Department of Business, University of Wisconsin — Parkside

DOI: https://doi.org/10.1017/S193029750000053X
Journal volume & issue: Vol. 2
pp. 390 – 397

Abstract

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Ambiguity aversion has been widely observed in individuals’ judgments. Using scenarios that are typical in decision analysis, we investigate ambiguity aversion for pairs of individuals. We examine risky and cautious shifts from individuals’ original judgments to their judgments when they are paired up in dyads.

Published in Judgment and Decision Making

ISSN: 1930-2975 (Online)
Publisher: Cambridge University Press
Country of publisher: United Kingdom
LCC subjects: Social Sciences; Philosophy. Psychology. Religion: Psychology
Website: https://www.cambridge.org/core/journals/judgment-and-decision-making

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