Understanding the Ambiguity Effect

Why might someone choose a familiar option over an unfamiliar one?

• Because they have more information about the unfamiliar option

• Due to a desire to explore new experiences

• Due to a tendency to avoid uncertainty

• Because they enjoy taking risks

Who coined the term 'ambiguity effect'?

• Daniel Ellsberg

• Sigmund Freud

• Albert Einstein

• John Nash

What is a potential downside of relying solely on media for information?

• It always provides the most accurate information

• It encourages independent research

• It may lead to decisions based on incomplete information

• It guarantees a well-rounded perspective