Definitions from Wiktionary (ambiguity aversion)
▸ noun: (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.
▸ Words similar to ambiguity aversion
▸ Usage examples for ambiguity aversion
▸ Idioms related to ambiguity aversion
▸ Wikipedia articles (New!)
▸ Words that often appear near ambiguity aversion
▸ Rhymes of ambiguity aversion
▸ Invented words related to ambiguity aversion
▸ noun: (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.
Similar:
risk aversion,
Subjective expected utility,
Expected utility hypothesis,
Multi-attribute utility,
decision theory,
Outcome bias,
conservatism,
preference,
Risk compensation,
Possibility theory,
more...
▸ Words similar to ambiguity aversion
▸ Usage examples for ambiguity aversion
▸ Idioms related to ambiguity aversion
▸ Wikipedia articles (New!)
▸ Words that often appear near ambiguity aversion
▸ Rhymes of ambiguity aversion
▸ Invented words related to ambiguity aversion