ambiguity aversion

English

Noun

ambiguity aversion (uncountable)

1. (economics, decision theory) A preference for known risks over unknown risks: that is, favoring an option where the probability distribution of the outcomes is known over one where the probabilities are unknown.

   Synonym: uncertainty aversion

Translations

Translations

• Japanese: 曖昧さ回避 (ja) (あいまいさかいひ, aimaisa kaihi)

See also

• Ellsberg paradox