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An experimental test of a search model under ambiguity
Asano, Takao; Okudaira, Hiroko; Sasaki, Masaru - 2014
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …
Persistent link: https://www.econbiz.de/10010239264
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Ambiguity and excuse-driven behavior in charitable giving
Garcia, Thomas; Massoni, Sébastien; Villeval, Marie-Claire - 2019
individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse … excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as an excuse …
Persistent link: https://www.econbiz.de/10012152068
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Navigating ambiguity : imprecise probabilities and the updating of disease risk beliefs
Kerwin, Jason; Pandey, Divya - 2023
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these "imprecise probabilities", also known as ambiguous beliefs. We show that imprecision is measurable separately from the levels of risk beliefs. People...
Persistent link: https://www.econbiz.de/10014390526
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A field study of Chinese migrant workers' attitudes toward risks, strategic uncertainty, and competitiveness
Hao, Li; Houser, Daniel; Mao, Lei; Villeval, Marie-Claire - 2014
, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences … from non-migrants in risk and ambiguity preferences elicited using pairs of lotteries; however, migrants are significantly …
Persistent link: https://www.econbiz.de/10010360288
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Ambiguity on audits and cooperation in a public goods game
Dai, Zhixin; Hogarth, Robin M.; Villeval, Marie-Claire - 2014
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010239265
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How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior
Balafoutas, Loukas; Sutter, Matthias - 2019
ambiguity induces a significant increase in the performance of men who choose to compete, while we observe no change for women …. Men also increase their willingness to enter competition in the presence of ambiguity. Overall, both effects contribute to … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest …
Persistent link: https://www.econbiz.de/10012015779
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Entrepreneurs : clueless, biased, poor heuristics, or Bayesian machines?
Åstebro, Thomas; Fossen, Frank M.; Gutierrez, Cédric - 2024
context, ambiguity refers to the lack of precise and objective probability assessments and the presence of subjective …
Persistent link: https://www.econbiz.de/10015048801
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How do households discount over centuries? : evidence from Singapore's private housing market
Fesselmeyer, Eric; Liu, Haoming; Salvo, Alberto - 2016
We examine Singapore's fairly homogeneous private-housing market and show that new apartments on historical multi-century leases trade at a non-zero discount relative to property owned in perpetuity. Descriptive regressions indicate that new apartments with 825 to 986 years of tenure remaining...
Persistent link: https://www.econbiz.de/10011455856
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Higher-order beliefs and risky asset holdings
Gorodnichenko, Yuriy; Yin, Xiao - 2024
We combine a customized survey and randomized controlled trial (RCT) to study the effect of higher-order beliefs on U.S. retail investors' portfolio allocations. We find that investors' higher-order beliefs about stock market returns are correlated with but distinct from their first-order...
Persistent link: https://www.econbiz.de/10014580789
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Demography, capital flows and unemployment
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - 2011
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10009517868