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decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088
such as graphical vs text representation that have no role in decision theory. …
Persistent link: https://www.econbiz.de/10012013808
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … suggest that cognitive ability is related to random decision making rather than to risk preferences. …
Persistent link: https://www.econbiz.de/10013208638
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for …
Persistent link: https://www.econbiz.de/10013208657
The probability triangle (also called the Marschak-Machina triangle) allows for compact and intuitive depictions of risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that indifference curves in this triangle capture preferences...
Persistent link: https://www.econbiz.de/10011420561
to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …
Persistent link: https://www.econbiz.de/10011927998
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …
Persistent link: https://www.econbiz.de/10011936487
This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...
Persistent link: https://www.econbiz.de/10010274338
This work reports an online experiment with a general-population sample examining the performance of budget …
Persistent link: https://www.econbiz.de/10012294284
We design and implement the first real-effort experiment that can jointly estimate present bias (Ø) and sophistication …
Persistent link: https://www.econbiz.de/10014474499