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This paper tests whether utility is the same for risk and for uncertainty. This test is critical for models that capture ambiguity aversion through a difference in event weighting between risk and uncertainty, like the multiple priors models and prospect theory. We present a new method to...
Persistent link: https://www.econbiz.de/10010969007
This paper examines couple time preferences by reporting the results of an ex- periment based on the elicitation of nearest equivalent values. Decisions involving delayed outcomes are studied for each of the two partners individually and for the couple. This allows for a direct comparison...
Persistent link: https://www.econbiz.de/10010854382