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Explaining attitudes towards ambiguity: an experimental test of the comparative ignorance hypothesis

By Paul Dolan and Martin Jones

Abstract

Many theories have been put forward to explain attitudes towards ambiguity. This paper reports on an experiment designed to test for the existence of Comparative Ignorance when it is tested over events with a range of different likelihoods. A total of 93 subjects valued a series of gambles, one of which was played out for real. The results do not lend support to the theory, although the relationship between risk and ambiguity does appear to correspond with other theories and previous empirical work

Topics: BD Speculative Philosophy
Publisher: Wiley-Blackwell Publishing Ltd.
Year: 2004
DOI identifier: 10.1111/j.0036-9292.2004.00307.x
OAI identifier: oai:eprints.lse.ac.uk:33042
Provided by: LSE Research Online
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