Psychologyspeaking topic

The Ellsberg paradox: people prefer a risk with known odds to an ambiguity with unknown ones; a familiar bad beats an unfamiliar maybe. Why do we cling to a known misery over an unknown hope?

the Ellsberg paradox, ambiguity aversion

practice with this topic

Set the timer (5-30 min), take 20 seconds of prep if you like, start talking. Jot your thoughts onto the sticky-note board.