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| Author: | Ahlbrecht, M. Weber, M. |
| Title: | The resolution of uncertainty: an experimental study |
| Journal: | Journal of Institutional and Theoretical Economics
1996 : DEC, VOL. 152:4, p. 593-607 |
| Index terms: | ECONOMICS UNCERTAINTY THEORIES |
| Language: | eng |
| Abstract: | Meaningful decision problems often involve intertemporal choices. In the case of uncertainty, the resolution of uncertainty is an essential feature of decision alternatives. Early resolution of uncertainty might offer planning benefits, late resolution might be preferred for decision makers who want to hope as long as possible for a good consequence. The focus of this paper is entirely descriptive. The authors present an experimental study investigating subjects' resolution preference. They find that some subjects prefer early and some prefer late uncertainty. |
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