Showing 31 - 40 of 1,021
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/10013058734
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high …-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate … change. Estimating a structural stochastic choice model, we obtain three individual-level parameters: Ambiguity aversion …
Persistent link: https://www.econbiz.de/10014236203
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10013325045
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10013159743
We use spline interpolation to approximate the subjective cumulative distribution function of an economic agent over the future realization of a continuous (possibly censored) random variable. The method proposed exploits information collected using a small number of probability questions on...
Persistent link: https://www.econbiz.de/10012773320
A donation may have ambiguous costs or ambiguous benefits. Behavior in a laboratory experiment suggests that … 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/10012843721
studied in a controlled lab experiment. We present a novel experiment where subjects can compete against each other, but the … 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 …
Persistent link: https://www.econbiz.de/10012868836
with established behavioral concepts, they cannot easily be explained by existing theories. The experiment appears to …
Persistent link: https://www.econbiz.de/10012765614
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …
Persistent link: https://www.econbiz.de/10013080140
discrimination in a labor market setting. Since decision-makers may not view risk in the same way as economists or statisticians (i …
Persistent link: https://www.econbiz.de/10013317440