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laboratory experiment to investigate whether observed behavior is consistent with this prediction. In the complete information …
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We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The … on the low end of the range of results in the surveyed studies, and are comparable to a control test where "strategic …
Persistent link: https://www.econbiz.de/10010360878
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010362202
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010457243
We run an experiment that gives subjects the opportunity to hedge away ambiguity in an Ellsberg-style experiment … modifying the timing of the draw, coin flip, and decision, we are able to test the reversal-of-order axiom, particularly as it …
Persistent link: https://www.econbiz.de/10011616236
former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place …
Persistent link: https://www.econbiz.de/10012112248
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …
Persistent link: https://www.econbiz.de/10014380287
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …
Persistent link: https://www.econbiz.de/10003716522