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Creativity and ambiguity tolerance

Author

Listed:
  • Charness, Gary
  • Grieco, Daniela

Abstract

We provide experimental evidence on whether engaging in a creative task affects the degree to which one tolerates ambiguity. We find that subjects who completed a creative task invest significantly more in a lottery with unknown odds than subjects involved in a non-creative task, suggesting that being exposed to creativity may engender higher openness to ambiguity and novelty.

Suggested Citation

  • Charness, Gary & Grieco, Daniela, 2022. "Creativity and ambiguity tolerance," Economics Letters, Elsevier, vol. 218(C).
    • Handle: RePEc:eee:ecolet:v:218:y:2022:i:c:s0165176522002488
    DOI: 10.1016/j.econlet.2022.110720
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    References listed on IDEAS

    as
    1. Gary Charness & Uri Gneezy, 2010. "Portfolio Choice And Risk Attitudes: An Experiment," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 133-146, January.
    2. Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
    3. Candace M. Raio & Benjamin B. Lu & Michael Grubb & Grant S. Shields & George M. Slavich & Paul Glimcher, 2022. "Cumulative lifetime stressor exposure assessed by the STRAIN predicts economic ambiguity aversion," Nature Communications, Nature, vol. 13(1), pages 1-11, December.
    4. Marc-Lluís Vives & Oriel FeldmanHall, 2018. "Tolerance to ambiguous uncertainty predicts prosocial behavior," Nature Communications, Nature, vol. 9(1), pages 1-9, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Creativity; Ambiguity tolerance; Experiment;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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