Meta: I really appreciated being asked this question! It made me realise I no longer felt confused about ambiguity aversion.
(I think the last time I thought explicitly about it, I’d have said “seems like ambiguity aversion is a good heuristic in some circumstances and that generates the intuitions in favour of it, but it’s irrational”, and the time before I’d have said “I think ambiguity aversion is irrational”.)
Meta: I really appreciated being asked this question! It made me realise I no longer felt confused about ambiguity aversion.
(I think the last time I thought explicitly about it, I’d have said “seems like ambiguity aversion is a good heuristic in some circumstances and that generates the intuitions in favour of it, but it’s irrational”, and the time before I’d have said “I think ambiguity aversion is irrational”.)