Researchers developed a method to understand how people make decisions when faced with uncertainty. They studied how individuals feel about unclear situations involving potential gains and losses. They found that most people tend to avoid ambiguity when the likelihood of an event is moderate to high and it involves gains. However, when the likelihood is low or it involves losses, people tend to seek ambiguity. Men and college-educated individuals are more averse to ambiguity, and this aversion is related to being risk-averse. Interestingly, when it comes to losses, people tend to switch from avoiding ambiguity to seeking it. These findings can help analyze how people's preferences for ambiguity impact economic and financial decisions.