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experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
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We test the effect of stake size on ambiguity attitudes. Compared to a baseline condition, we find subjects to be more ambiguity seeking for small-probability gains and large-probability losses under high stakes. They are also more ambiguity averse for large-probability gains and...
Persistent link: https://www.econbiz.de/10011723906
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experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10010982048
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10010322514
predicts risk neutrality even for sizable stakes. We test this prediction using data from a stated choice experiment with …
Persistent link: https://www.econbiz.de/10005651612
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the …
Persistent link: https://www.econbiz.de/10009671257