Baillon, A.

probability ambiguity source subject function uncertainty utility experiment event source functions aversion attitude preference model result decision index prospect figure 0.00 ambiguity aversion theory value choice outcome equivalent midpoint belief temperature certainty 0.50 ellsberg −1000 payment ambiguity attitudes table journal 0.75 insensitivity 0.25 example 0.2 0.01 0.70 weighting 0.6 0.4 0.8 tversky c-ambiguity risk aversion pessimism number abdellaoui question 0.22 difference 0.20 0.35 source function likelihood 0.64 0.52 analysis incentive 0.08 natural-event experiment review 0.5 0.21 0.27 0.19 certainty equivalents 0.02 i-ambiguity agent 0.26 urn k 0.06 t-test