Many personal, managerial, and societal decisions involve uncertain or ambiguous consequences that will occur in the future. Yet, previous empirical research on ambiguity preferences has focused mainly on decisions with immediate outcomes. In order to close this gap in the literature, this paper examines ambiguity attitudes toward future prospects, particularly how they may differ from the attitudes toward comparable prospects in the present.
ONAY, S., LA-ORNUAL, D. and ÖNCÜLER, A. (2013). The Effect of Temporal Distance on Attitudes Toward Imprecise Probabilities and Imprecise Outcomes. Journal of Behavioral Decision Making, 26(4), pp. 362-374.