Talk:Ambiguity aversion

Name of article
Far be it from me to say what this phenomenon is usually called (and I guess Wikipedia has to follow common usage?), but it does not relate to "ambiguity". Ambiguity is where something has multiple possible interpretations. It is incorrect to use it to refer to uncertainty in general, in the context of probability. If there is no consensus as to general usage, I therefore think the article should be moved to "Uncertainty aversion". Any views? 57.66.103.6 (talk) 15:29, 5 January 2010 (UTC)

"Ambiguity Aversion" is definitely something that is discussed in the Decision theory literature, although the usual example is Ellsberg paradox, which is different from the example given in the article (which I feel isn't a strict example of ambiguity...) —Preceding unsigned comment added by 24.62.3.2 (talk) 17:29, 4 March 2010 (UTC)

not quite correct
This description of the phenomenon: It is demonstrated in the Ellsberg paradox (i.e. that people prefer to bet on an urn with 50 Red and 50 Blue balls, than in one with 100 total balls but where the number of blue or red balls is unknown). is not quite correct. It's not just that people prefer to bet on the first urn than the second urn. If that's all that there was too it there'd be no "paradox" involved, just preferences. Rather, it's that their choices are inconsistent when choosing which urn to bet on across colors which creates the paradox.Volunteer Marek (talk) 05:43, 23 June 2011 (UTC)