%0 Report
        %A Asano, Takao
%A Okudaira, Hiroko
%A Sasaki, Masaru
        %T An Experimental Test of a Search Model under Ambiguity
        %D 2014
        %8 2014 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7933
        %U https://www.iza.org/publications/dp7933
        %X 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.
        %K experiment
%K search model
%K ambiguity
%K reservation wage