Do other people display ambiguity aversion in all cases, or only when there are personal resources at stake?
Example. You’ve just found a discarded ticket to play two draws of the charity lottery! Here’s how it works.
There 90 balls, 30 red, 60 either black or yellow in some distribution. You may choose either:
1a) I pay Givewell’s top charity $100 if you draw a red ball.
1b) I pay Givewell’s top charity $100 if you draw a black ball.
And then on the subsequent draw we go to an entirely different urn which may have an entirely different distribution of yellow and black balls (although still 30 red, 60 either black or yellow) , and then either:
2a) I pay Givewell’s top charity $100 if you draw a red or yellow ball.
2b) I pay Givewell’s top charity $100 if you draw a black or yellow ball.
For some reason, the buttons are set to 1b and 2a. You can at no monetary cost switch options to minimize ambiguity by pressing the buttons to toggle to the other option. It’s perhaps a barely noticeable expenditure of calories, so the cost seems trivial: not even a penny.
1: Do you do switch to the less ambiguous option at a trivial cost?
2: Instead of pressing the buttons, would you pay 1 penny to the person running the charity lottery, to do so in either case?
3: Would you be willing to pay 1 penny to switch in either case if the person running the charity lottery also gave you two pennies before hand? You get to keep them if you don’t use them.
When considering the previous situation, I don’t feel particularly ambiguity averse at all, and I don’t really feel the need to make any changes to the settings. But maybe other people do, so I thought I should check. And maybe it is weird of me to not feel ambiguity aversion about this, and I should check that as well.
Do other people display ambiguity aversion in all cases, or only when there are personal resources at stake?
Example. You’ve just found a discarded ticket to play two draws of the charity lottery! Here’s how it works.
There 90 balls, 30 red, 60 either black or yellow in some distribution. You may choose either:
1a) I pay Givewell’s top charity $100 if you draw a red ball.
1b) I pay Givewell’s top charity $100 if you draw a black ball.
And then on the subsequent draw we go to an entirely different urn which may have an entirely different distribution of yellow and black balls (although still 30 red, 60 either black or yellow) , and then either:
2a) I pay Givewell’s top charity $100 if you draw a red or yellow ball.
2b) I pay Givewell’s top charity $100 if you draw a black or yellow ball.
For some reason, the buttons are set to 1b and 2a. You can at no monetary cost switch options to minimize ambiguity by pressing the buttons to toggle to the other option. It’s perhaps a barely noticeable expenditure of calories, so the cost seems trivial: not even a penny.
1: Do you do switch to the less ambiguous option at a trivial cost?
2: Instead of pressing the buttons, would you pay 1 penny to the person running the charity lottery, to do so in either case?
3: Would you be willing to pay 1 penny to switch in either case if the person running the charity lottery also gave you two pennies before hand? You get to keep them if you don’t use them.
When considering the previous situation, I don’t feel particularly ambiguity averse at all, and I don’t really feel the need to make any changes to the settings. But maybe other people do, so I thought I should check. And maybe it is weird of me to not feel ambiguity aversion about this, and I should check that as well.
Edit: Formatting and Grammar.