Second-Order Ambiguity in Very Low Probability Risks: Food Safety Valuation

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dc.creatorKivi, Paul A.
dc.creatorShogren, Jason F.
dc.date2017-04-01T20:08:15Z
dc.date.accessioned2026-07-09T05:27:31Z
dc.descriptionFood consumption involves inherently risky decisions with uncertain probabilities. This study examines how second-order ambiguity, or uncertainty over probabilities, affects food safety decisions. We conduct a food safety survey wherein subjects face both unambiguous and ambiguous situations, each with the same expected value. Respondents show a preference for unambiguous situations and state a willingness to pay to avoid ambiguity
dc.identifierdoi:10.22004/ag.econ.97857
dc.identifierhttps://ageconsearch.umn.edu/record/97857/files/JARE_Dec2010__06F_pp443-456.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/97857
dc.identifier.urihttp://hdl.handle.net/123456789/563910
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/97857
dc.titleSecond-Order Ambiguity in Very Low Probability Risks: Food Safety Valuation
dc.typeText

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