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Discriminating between Models of Ambiguity Attitude: A Qualitative Test

Mukerji, Sujoy; Cubitt, Robin; Kuilen, Gijs van de - Department of Economics, Oxford University - 2014

The exchange between Epstein (2010) and Klibanoff et al. (2012) identified a behavioral issue that sharply distinguishes between two classes of models of ambiguity sensitivity, exemplified by the Î±-MEU model and the smooth ambiguity model, respectively. The issue in question is whether a...

Persistent link: https://www.econbiz.de/10011133039

Gender Differences and Dynamics in Competition: The Role of Luck

Gill, David; Prowse, Victoria - Department of Economics, Oxford University - 2011

, and differential responses to luck account for about half of the gender performance gap in our experiment. These findings …

Persistent link: https://www.econbiz.de/10009275436

A Structural Analysis of Disappointment Aversion in a Real Effort Competition

Prowse, Victoria; Gill, David - Department of Economics, Oxford University - 2009

We develop a novel computerized real effort task, based on moving sliders across a screen, to test experimentally whether agents are disappointment averse when they compete in a real effort sequential-move tournament. Our theory predicts that a disappointment averse agent, who is loss averse...

Persistent link: https://www.econbiz.de/10004998381

Anonymity, Equal Treatment, and Overconfidence: Constraints on Communication May Enhance Information Transmission

Kawamura, Kohei - Department of Economics, Oxford University - 2006

This paper offers a simple but rich framework to study communication subject to various constraints such as anonymity …

Persistent link: https://www.econbiz.de/10005047765

Framing as Path-Dependence

Gold, Natalie; List, Christian - Department of Economics, Oxford University - 2002

A `framing` effect occurs when an agent`s choices are not invariant under changes in the way a choice problem is … is whose non-satisfaction may lead to framing effects. We show that (under certain conditions), if (and only if) an agent … on the order in which the propositions are considered. We suggest that different ways of framing a choice problem may …

Persistent link: https://www.econbiz.de/10005047918

The Role of Ethnic Identity and Economic Issues in the 2007 Kenyan Elections

Gutierrez-Romero, Roxana - Department of Economics, Oxford University - 2010

This paper investigates the factors that shaped Kenyan's voting intentions in the 2007 presidential election. Using data from a public opinion survey conducted two weeks before the election we are able to evaluate the relative importance of what shaped voting behavior comprehensively, taking...

Persistent link: https://www.econbiz.de/10011004411

Relevance and Symmetry

Mukerji, Sujoy; Klibanoff, Peter; Seo, Kyoungwon - Department of Economics, Oxford University - 2011

We define a behavioral concept of relevance in the context of decision making under uncertainty. We argue that this concept provides a sensible answer to the question "What probabilistic environments do an individuals' preferences reveal as mattering to her decisions?" under a symmetry...

Persistent link: https://www.econbiz.de/10010605069

Axiomatic Foundations for Satisficing Behavior

Tyson, Christopher - Department of Economics, Oxford University - 2005

A theory of decision making is proposed that supplies an axiomatic basis for the concept of satisficing postulated by Herbert Simon. After a detailed review of classical results that characterize several varieties of preference-maximizing choice behavior, the axiomatization proceeds by weakening...

Persistent link: https://www.econbiz.de/10010605293

Which demand systems can be generated by discrete choice?

Armstrong, Mark; Vickers, John - Department of Economics, Oxford University - 2014

We provide a simple necessary and sufficient condition for when a multiproduct demand system can be generated from a discrete choice model with unit demands.

Persistent link: https://www.econbiz.de/10010950623

Perceived Ambiguity and Relevant Measures

Mukerji, Sujoy; Klibanoff, Peter; Seo, Kyoungwon - Department of Economics, Oxford University - 2014

We axiomatize preferences that can be represented by a monotonic aggregation of subjective expected utilities generated by a utility function and some set of i.i.d. probability measures over a product state space, S1. For such preferences, we define relevant measures, show that they are treated...

Persistent link: https://www.econbiz.de/10010780802