What are the best papers you know of on ambiguity aversion? #econsky

Pay transparency’s rise isn’t tied to expected explanations | Federal Reserve Bank of Minneapolis From 2019 through 2023, pay transparency in job postings rose nearly 30 percentage points in states where it wasn’t required by law

Interesting! #EconSky
www.minneapolisfed.org/article/2024...

These two papers, taken together, really cause a rethinking of behavioral economies.

Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.