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An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data
Morone, Andrea; Schmidt, Ulrich - In: Economics Bulletin 4 (2008) 20, pp. 1-12
ordering of lotteries than choices (e.g. the preference reversal phenomenon) our analysis may have fundamental different …
Persistent link: https://www.econbiz.de/10005110673
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Explaining the harmonic sequence paradox
Schmidt, Ulrich; Zimper, Alexander - Institut für Weltwirtschaft (IfW) - 2011
According to the harmonic sequence paradox (Blavatskyy 2006), an expected utility decision maker's willingness-to-pay for a gamble whose expected payoffs evolve according to the harmonic series is finite if and only if his marginal utility of additional income becomes zero for rather low payoff...
Persistent link: https://www.econbiz.de/10009216280
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Chance theory: A separation of riskless and risky utility
Schmidt, Ulrich; Zank, Horst - 2013
We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the …
Persistent link: https://www.econbiz.de/10010326830
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Explaining the harmonic sequence paradox
Schmidt, Ulrich; Zimper, Alexander - 2011
According to the harmonic sequence paradox (Blavatskyy 2006), an expected utility decision maker's willingness-to-pay for a gamble whose expected payoffs evolve according to the harmonic series is finite if and only if his marginal utility of additional income becomes zero for rather low payoff...
Persistent link: https://www.econbiz.de/10010278013
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An Experimental Investigation of the Role of Errors for Explaining Violations of Expected Utility
Schmidt, Ulrich; Neugebauer, Tibor - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2003
expected utility should decrease if errors are excluded. The present paper presents an experiment which investigates this …
Persistent link: https://www.econbiz.de/10005464757
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The impact of learning by thought on violations of independence and coalescing
Birnbaum, Michael H.; Schmidt, Ulrich - In: Decision analysis : a journal of the Institute for … 12 (2015) 3, pp. 144-152
Persistent link: https://www.econbiz.de/10011349546
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Gender differences in stereotypes of risk preferences: experimental evidence from a matrilineal and a patrilineal society
Pondorfer, Andreas; Barsbai, Toman; Schmidt, Ulrich - In: Essays on climate change and adaptation in developing …, (pp. 43-77). 2015
Persistent link: https://www.econbiz.de/10011621634
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Gender differences in stereotypes of risk preferences : experimental evidence from a matrilineal and a patrilineal society
Pondorfer, Andreas; Barsbai, Toman; Schmidt, Ulrich - In: Management science : journal of the Institute for … 63 (2017) 10, pp. 3268-3284
Persistent link: https://www.econbiz.de/10011760457
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Gender differences in risk preferences and stereotypes : experimental evidence from a matrilineal and a patrilineal society
Pondorfer, Andreas; Omar Mahmoud, Toman; Rehdanz, Katrin; … - 2014
We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …
Persistent link: https://www.econbiz.de/10010402215
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The impact of experience on violations of independence and coalescing : conference paper
Birnbaum, Michael H.; Schmidt, Ulrich - 2014
experiment. Our analysis complements and extends Hey (2001) who analyzes for each subject the fit of several preference …The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same … rounds. Our results provide evidence in favor of expected utility in conjunction with the discovered preference hypothesis. …
Persistent link: https://www.econbiz.de/10010486756