Figure - available from: Journal of Risk and Uncertainty
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![Kernel density of the individual Certainty Equivalent. Grey: density under ambiguity. Black: density under compound risk. Dashed line: density under risk. Confidence intervals at a 5% significance level drawn in light grey. TR0 (TR1) [TR2] correspond to the Ambiguity (Compound Risk) [Risk] treatments, respectively](publication/390438923/figure/fig3/AS:11431281413493566@1745978822201/Kernel-density-of-the-individual-Certainty-Equivalent-Grey-density-under-ambiguity.png)
Kernel density of the individual Certainty Equivalent. Grey: density under ambiguity. Black: density under compound risk. Dashed line: density under risk. Confidence intervals at a 5% significance level drawn in light grey. TR0 (TR1) [TR2] correspond to the Ambiguity (Compound Risk) [Risk] treatments, respectively
Source publication
We report the evidence of a multi-stage lab experiment on individual decision making under ambiguity, where the latter is characterized by the (partial or) absence of information on some monetary values in the support of the lottery distributions. This complements the standard treatment of uncertainty where decision makers know the monetary prizes,...
