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On the psychological foundations of ambiguity and compound risk aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...
Persistent link: https://www.econbiz.de/10014544917
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On the psychological foundations of ambiguity and compound risk aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...
Persistent link: https://www.econbiz.de/10014551421
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Boundedly rational decision emergence : a general perspective and some selective illustrations
Güth, Werner - 1997
Persistent link: https://www.econbiz.de/10000962163
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Modeling a satisficing judge
Engel, Christoph; Güth, Werner - 2015
. Standard theory would want judges to rationally deal with the limitations of the evidence. We posit that this is not only …
Persistent link: https://www.econbiz.de/10011349372
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(Sub)optimality and (non)optimal satisficing in risky decision experiments
Di Cagno, Daniela; Galliera, Arianna; Güth, Werner; … - 2016
Persistent link: https://www.econbiz.de/10011636593
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010510004
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010502711
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …
Persistent link: https://www.econbiz.de/10010506318
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How to cope with (new) uncertainties : a bounded rationality approach
Güth, Werner; Kliemt, Hartmut - 2015
improve prescriptions for coping with uncertainties in view of evidence of substantive success or failure. Decision theory …
Persistent link: https://www.econbiz.de/10011283827
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Behavioral patterns and reduction of sub-optimality : an experimental choice analysis
Di Cagno, Daniela; Galliera, Arianna; Güth, Werner; … - 2017
Persistent link: https://www.econbiz.de/10011774726