Jurnal Internasional Anda Perlu Mengenali Ketidakjelasan untuk Menghindarinya – Soo Hong – 2018 – The Economic Journal
After screening for attention and understanding, we present a subject with two Ellsberg hicks (1961) using a matrix that is essentially equivalent but representational complex. High comprehension subjects show a degree of ambiguity aversion typical of the problem of two standard courses, while low comprehension subjects appear randomly. In filtering, we classify subjects as 'probability – thinking' or 'ambiguity – minded', depending on whether they determine the probability of drawing from the deck of the card with an unknown composition. Among high-comprehension subjects, mindedness explains twenty times more variation in attitudes of ambiguity than all other demographic characteristics combined. Compared to their 'probability-minded' counterparts, subjects of 'ambiguity' are younger and more educated, analytic, and reflective about their choices.