ambiguity aversion
A preference for known risks over unknown risks: that is, favoring an option where the…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.
Meaning
1 senses(uncountable)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.
Synonyms
1 synonymsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable