@TechReport{iza:izadps:dp7933, author={Asano, Takao and Okudaira, Hiroko and Sasaki, Masaru}, title={An Experimental Test of a Search Model under Ambiguity}, year={2014}, month={Jan}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={7933}, url={https://www.iza.org/index.php/publications/dp7933}, abstract={This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We observe a significant dip in a trend of reservation points when subjects are faced with ambiguity over wage distributions.}, keywords={experiment;search model;ambiguity;reservation wage}, }