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On the Psychological Foundations of Ambiguity and Compound Risk Aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …
Persistent link: https://www.econbiz.de/10014567523
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On the psychological foundations of ambiguity and compound risk aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …
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
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …
Persistent link: https://www.econbiz.de/10014551421
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On the Psychological Foundations of Ambiguity and Compound Risk Aversion
Wu, Keyu; Fehr, Ernst; Hofland, Sean; Schonger, Martin - 2024
attitudes towards ambiguity and compound risk which suggests that compound risk aversion may provide a psychological foundation …’s ability to reduce compound to simple risks, and analyzing how this affects their compound risk and ambiguity attitudes in … ambiguity attitudes are not a psychological relative, and derived from, attitudes towards compound risk, i.e., compound risk …
Persistent link: https://www.econbiz.de/10015047223
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Identifying nontransitive preferences
Alós-Ferrer, Carlos; Fehr, Ernst; Garagnani, Michele - 2022 - This version: July 2nd, 2022
violations reflect nontransitive preferences. These violations cannot be accounted for by any noise or utility specification … within the universe of random utility models. Finally, in spite of revealed transitivity violations, preferences estimated … through our method predict choices out of sample better than standard parametric random-utility estimations. …
Persistent link: https://www.econbiz.de/10013277067
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How do informal agreements and renegotiation shape contractual reference points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and expost renegotiation....
Persistent link: https://www.econbiz.de/10010316871
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Screening, competition, and job design : economic origins of good jobs
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2010
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10003935189
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Screening, competition, and job design : economic origins of good jobs
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2009
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10003935665
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Screening, competition, and job design : economic origins of good jobs
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2010
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10003951888
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Screening, competition, and job design : economic origins of good jobs
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2010
In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...
Persistent link: https://www.econbiz.de/10008824325