connection between the experimental implementation of the ambiguity and the theo-
retical account of behavior. We will comment further on this below.
14.3.4Recent Experimental Research into Behavior Under Ambiguity
After the flurry of activity reported in Camerer and Weber (1992) and Camerer (1995)
there was a pause of some 15 years before serious largely theoretical research on behav-
ior under ambiguity restarted. There followed a revival of experimental work—mainly
caused by the spate of new theories of behavior under ambiguity. These theories are
well surveyed in Etner et al. (2012).
We note an important distinction between tw ...
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