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The Explanatory and Predictive Power of Non Two-Stage Probability Theories of Decision Making Under Ambiguity

Hey, John Denis; Pace, Noemi - 2011

Representing ambiguity in the laboratory using a Bingo Blower (which is transparent and not manipulable) and asking the subjects a series of allocation questions (which are more efficient than pairwise choice questions), we obtain data from which we can estimate by maximum likelihood methods...

Persistent link: https://www.econbiz.de/10014177352

Decisions Under Risk Dispersion and Skewness

Bayrak, Oben - 2019

distribution of utility: clearly the dispersion is important, but also the skewness. For given mean and dispersion, decision … decision making under risk, incorporating both dispersion and skewness. We run a horse-race of this new model against six other … models of decision-making under risk and show that it outperforms many in terms of goodness of fit and shows a reasonable …

Persistent link: https://www.econbiz.de/10012900040

Noise and bias in eliciting preferences

Hey, John Denis; Morone, Andrea; Schmidt, Ulrich - 2007

In the context of eliciting preferences for decision making under risk, we ask the question: “which might be the ‘best …

Persistent link: https://www.econbiz.de/10010267228

Noise and bias in eliciting preferences

Hey, John Denis; Morone, Andrea; Schmidt, Ulrich - 2007

In the context of eliciting preferences for decision making under risk, we ask the question: "which might be the 'best …

Persistent link: https://www.econbiz.de/10010272943

An experimental analysis of optimal renewable resource management : the fishery

Hey, John Denis (contributor); Neugebauer, Tibor (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001692015

An Empirical Evaluation of the Long-Run Risks Model for Asset Prices

Bansal, Ravi - 2009

We provide an empirical evaluation of the forward-looking long-run risks (LRR) model and highlight model differences with the backward-looking habit based asset pricing model. We feature three key results: (i) Consistent with the LRR model, there is considerable evidence in the data of...

Persistent link: https://www.econbiz.de/10013154563