Ellsburg experiment and the discussion around foreign vs home investing can perhaps be further understood with David Tuckett's Conviction Narrative Theory (CNT). Picking from the urn with known black and red enables one to build a "better" narrative, "There is definitely a red ball in there", rather than, "There might be a red ball in there". Similar to the urn paradox, investing at home enables the construction of locally contextualized narrative.
Ellsburg experiment and the discussion around foreign vs home investing can perhaps be further understood with David Tuckett's Conviction Narrative Theory (CNT). Picking from the urn with known black and red enables one to build a "better" narrative, "There is definitely a red ball in there", rather than, "There might be a red ball in there". Similar to the urn paradox, investing at home enables the construction of locally contextualized narrative.
Mi tesis....
Doesn't understand probability
Awesome videos, but do take a glass of water with you... your constant and loud saliva passing is very distracting!