in schweser vol 2 for Aversion to ambiguity definited as Bad news affect investment decision more tha good news? I am very confused on this. Can some one please help?

don´t they do it in the context of “momentum”? you are more confident in up markets as there is less uncertainty (ambiguity) and less confident in down markets (more uncertainty)

Aversion to Ambiguity = Fear of the Unknown.

as in June 7th for example…

3rd & Long Wrote: ------------------------------------------------------- > as in June 7th for example… great post