ambiguity aversion

Questions

What does ambiguity aversion mean?

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.

How to pronounce ambiguity aversion

1. Open the pronunciation page — Open the Speakur entry for “ambiguity aversion”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “ambiguity aversion”.
4. Repeat and practice — Say “ambiguity aversion” aloud, matching stress and vowels until it feels natural.