Comparative Ignorance and the Ellsberg Paradox

By C. Chow, R. Sarin. 2001

187 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/4293ce0103fd3858fcbf5b172afff292b4f555bb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In General Decision Sciences

In Safety Research

Citations in the corpus

Integrative and Distributive Negotiation in Small Groups: Effects of Task Structure, Decision Rule, and Social Motive (2002, unknown): “Chow and Sarin (1999) have obtained data that lend further credence to the comparative ignorance hypothesis.”
Prospect Theory and the Brain (2009, background): “…ignorant predicting outcomes (Heath and Tversky, 1991), and such preferences tend to diminish or disappear in the absence of a direct comparison between more and less familiar events or with more or less knowledgeable individuals (Fox and Tversky, 1995; Chow and Sarin, 2001; Fox and Weber, 2002).”
Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories (2012, unknown): “Camerer and Weber (1992), Chow and Sarin (2001), Ellsberg (1961), Ho et al. (2002, 2005), and Roca et al. (2006) studied attitudes to varying degrees of imprecise probabilities.”
Ambiguity and Ambiguity Aversion (2014, background): “Fox and Tversky (1995), Chow and Sarin (2001) and Du and Budescu (2005) and found that ambiguity aversion was reduced substantially (though not completely) when subjects were asked for separate monetary evaluations of ambiguous and unambiguous prospects (via their willingness to pay or willingness t”
The Role of Perceived Quality Risk in Pricing Remanufactured Products (2017, background): “Such work could explore the comparative ignorance effect, which states that ambiguity aversion reduces when measured by separate rather than by joint evaluations (Chow and Sarin 2001, Du and Budescu 2005, Fox and Weber 2002, Trautmann and Schmidt 2012).”
Ambiguity and the value of information (2010, background): “in artificial experiments (Einhorn and Hogarth 1986; Chow and Sarin 2001 ), in experimental market settings involving sophisticated decision makers (Sarin and”
Ambiguity aversion and the propensities for self-insurance and self-protection (2011, result): “This type of behavior has since been confirmed in a variety of experimental settings as reported, for example, by Einhorn and Hogarth (1986), Sarin and Weber (1993), and Chow and Sarin (2001) , and in surveys of business owners and managers reported by Viscusi and Chesson (1999) and Chesson and Vis”