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Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals ́willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10009730552
The completeness axiom of choice has been questioned for long, and in response, theoretical models of decision making … decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent …
Persistent link: https://www.econbiz.de/10010519933
The decision how to share resources with others often needs to be taken under uncertainty on its allocational … interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are … the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We …
Persistent link: https://www.econbiz.de/10011565561
We present a set of experiments testing for incomplete preferences due to uncertainty. In a first experiment, we … preferences and Certainty Independence (CI). To understand these participants' behavior, in a second experiment, we design a … decision task that distinguishes between models assuming complete preferences and relaxing CI and models of incomplete …
Persistent link: https://www.econbiz.de/10012903069
The completeness axiom of choice has been questioned for long, and in response, theoretical models of decision making … decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent …
Persistent link: https://www.econbiz.de/10013021716
The decision how to share resources with others often needs to be taken under uncertainty on its allocational … interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are … the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We …
Persistent link: https://www.econbiz.de/10011584886
The completeness axiom of choice has been questioned for long, and in response, theoretical models of decision making … decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent …
Persistent link: https://www.econbiz.de/10010531832
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals' willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10013082973
Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect adverse selection? We experimentally investigate individuals' willingness to share risks with others. Across treatments we vary how risk profiles differ between individuals. We...
Persistent link: https://www.econbiz.de/10013006996
choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when …
Persistent link: https://www.econbiz.de/10009766681