Showing 1 - 10 of 2,036
in this domain. In contrast, the average participant in our experiment is strikingly close to Bayesian in her belief …
Persistent link: https://www.econbiz.de/10011542204
Persistent link: https://www.econbiz.de/10012820406
We study an optimal liquidation problem under the ambiguity with respect to price impact parameters. Our main results show that the value function and the optimal trading strategy can be characterized by the solution to a semi-linear PDE with superlinear gradient, monotone generator and singular...
Persistent link: https://www.econbiz.de/10012500352
We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our … function, but not with subjective utility theory. The theory is tested by gauging how subjects respond to price changes. A … majority of subjects respond to price changes in the direction predicted by the theory, but not to a degree that makes them …
Persistent link: https://www.econbiz.de/10012126236
Persistent link: https://www.econbiz.de/10013364388
Persistent link: https://www.econbiz.de/10003730718
Persistent link: https://www.econbiz.de/10003510169
Persistent link: https://www.econbiz.de/10001365337
Persistent link: https://www.econbiz.de/10001730311
This paper studies the causal effect of providing information about climate changeon individuals’ willingness to pay to offset carbon emissions in a randomizedcontrol trial. Receiving truthful information about ways to reduce CO2 emis-sions increases individuals’ willingness to pay for CO2...
Persistent link: https://www.econbiz.de/10012821798