Narrow search
Showing 1 - 10 of 84
Cover Image
CHOICES BETWEEN SIMPLE AND COMPOUND LOTTERIES: EXPERIMENTAL EVIDENCE AND NEURAL NETWORK MODELLING.
Zizzo, D.J. - Department of Economics, Oxford University - 2001
An experiment on choices between single and compound lotteries is presented, and results are calibrated with neural network models. Many subjects tend to average out probabilities, though behaviour becomes more rational with more exposure to compound lotteries in the practice stage. The Prior...
Persistent link: https://www.econbiz.de/10005047948
Cover Image
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
Cover Image
Combining Top-down and Bottom-up Accountability: Evidence from a Bribery Experiment
Serra, Danila - Department of Economics, Oxford University - 2008
Monitoring corruption typically relies on top-down interventions aimed at increasing the probability of external controls and the severity of punishment.  An alternative approach to fighting corruption is to induce bottom-up pressure for reform.  Recent studies have shown that both top-down...
Persistent link: https://www.econbiz.de/10011004232
Cover Image
Probability Compounding in Words and in Practice
Zizzo, Daniel John - Department of Economics, Oxford University - 2002
The conjunction fallacy occurs whenever probability compounds are thought of as more likely than its component probabilities alone. In the experiment we present, subjects chose between simple and compound lotteries after some practice. Depending on the condition, they were given more or less...
Persistent link: https://www.econbiz.de/10010605216
Cover Image
Choices Between Simple and Compound Lotteries: Experimental Evidence and Neural Network Modelling
Zizzo, Daniel John - Department of Economics, Oxford University - 2001
An experiment on choices between single and compound lotteries is presented, and results are calibrated with neural network models. Many subjects tend to average out probabilities, though behaviour becomes more rational with more exposure to compound lotteries in the practice stage. The Prior...
Persistent link: https://www.econbiz.de/10010605249
Cover Image
KEEPING UP WITH THE JONESES AND UNEMPLOYMENT RISK.
Toche, P. - Department of Economics, Oxford University - 2001
face uninsurable labour income risk. Idiosyncratic uncertainty about future labour income reduces the marginal propensity …
Persistent link: https://www.econbiz.de/10005047927
Cover Image
Risk Pooling, Commitment, and Information: An experimental test of two fundamental assumptions
Barr, Abigail - Department of Economics, Oxford University - 2003
information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across … attempts to conduct such tests. I find that more extrinsic commitment is associated with more risk pooling, but that more … information is associated with less risk pooling. The first of these results accords with our expectations and assumptions. The …
Persistent link: https://www.econbiz.de/10010604858
Cover Image
Anger, Rationality and Neuroeconomics
Zizzo, Daniel John - Department of Economics, Oxford University - 2003
significant cognitive processing, one that, in relation to economic decision-making, may be subtly mediated by many factors …
Persistent link: https://www.econbiz.de/10004977844
Cover Image
Learning in a Black Box: Trial-and-Error in Voluntary Contribuitons Games
Young, H Peyton; Nax, H.H.; Burton-Chellew, M.N.; West, S.A. - Department of Economics, Oxford University - 2013
Many interactive environments can be represented as games, but they are so large and complex that individual players are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box' environments, where players' only source of information...
Persistent link: https://www.econbiz.de/10011158994
Cover Image
The Fragility and Robustness of Trust
Engle-Warnick, Jim; Slonim, Robert L. - Department of Economics, Oxford University - 2001
Although it is well known that trust is an important component of the fulfilment of incomplete contracts, less is known regarding how robust it is to past experiences.
Persistent link: https://www.econbiz.de/10010820329