Preferences for the resolution of risk and ambiguity
通过实验首次同时考察人们对风险和模糊性解决时间的偏好，发现多数人偏好尽早解决，但支付意愿很低，且两种偏好正相关但强度受模糊态度影响。
Generalized recursive utility models often imply that agents have a preference over the timing of uncertainty resolution. Laboratory elicitations of subjects’ preferences generally provide direct evidence in support of this implication, but only in the domain of risk. We provide the first experimental examination of uncertainty resolution with respect to ambiguity, in addition to risk. The modal subject exhibits a preference for both early resolution of risk and ambiguity, but with only a minimal willingness to pay to realize either over late resolution. While preferences in both domains are positively correlated, the strength of that correlation varies based on ambiguity attitudes. Among ten commonly used representative recursive utility models, we identify the models that most efficiently explain observed subject preferences under two alternative assumptions: treating a subject’s token willingness to pay as either a true preference or indifference.