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Efficient institutions and effective deterrence : on timing and uncertainty of formal sanctions
Buckenmaier, Johannes; Dimant, Eugen; Posten, Ann-Christin - In: Journal of risk and uncertainty 62 (2021) 2, pp. 177-201
Persistent link: https://www.econbiz.de/10012618778
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Efficient institutions and effective deterrence: on timing and uncertainty of formal sanctions
Buckenmaier, Johannes; Dimant, Eugen; Posten, Ann-Christin - 2021
of punishment. This paper presents the first controlled experiment to study a third important factor that has been mainly …
Persistent link: https://www.econbiz.de/10012438420
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Efficient institutions and effective deterrence : on timing and uncertainty of formal sanctions
Buckenmaier, Johannes; Dimant, Eugen; Posten, Ann-Christin - 2020
of punishment. This paper presents the first controlled experiment to study a third important factor that has been mainly …
Persistent link: https://www.econbiz.de/10012171815
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Neurobiological foundations of decision-making under uncertainty
Ring, Patrick - 2016
Persistent link: https://www.econbiz.de/10011556288
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Violations of coalescing in parametric utility measurement
Glöckner, Andreas; Renerte, Baiba; Schmidt, Ulrich - In: Theory and decision : an international journal for … 89 (2020) 4, pp. 471-501
Persistent link: https://www.econbiz.de/10012305458
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Validity of WTP measures under preference uncertainty
Kniebes, Carola; Rehdanz, Katrin; Schmidt, Ulrich - 2014
This paper establishes a new method for eliciting Willingness to Pay (WTP) in contingent valuation (CV) studies with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach for eliciting Point-WTP, Range-WTP explicitly allows for preference uncertainty in...
Persistent link: https://www.econbiz.de/10010429788
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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 … matrilineal Teop in Papua New Guinea. We find no gender differences in actual risk preferences, but evidence for culture …-specific stereotypes. Like men in Western societies, Palawan men overestimate women’s actual risk aversion. By contrast, Teop men …
Persistent link: https://www.econbiz.de/10010402215
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Empirical tests of intransitivity predicted by models of risky choice
Birnbaum, Michael H. (contributor);  … - 2006
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish trueʺ violations from those produced by error,ʺ a model was fit in which...
Persistent link: https://www.econbiz.de/10003374889
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An experimental investigation of violations of transitivity in choice under uncertainty
Birnbaum, Michael H. (contributor);  … - 2008
Several models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments explored whether people show patterns of intransitivity predicted by these models. To distinguish "true" violations from those produced by "error," a model was fit in which each...
Persistent link: https://www.econbiz.de/10003617822
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Pricing risk and ambiguity : the effect of perspective taking
Trautmann, Stefan T.; Schmidt, Ulrich - 2011
There is a large literature showing that willingness-to-accept (WTA) is usually much higher than willingness-to-pay (WTP) in empirical studies although they should be roughly equal according to traditional economic theory. A second stream of literature shows that people are typically ambiguity...
Persistent link: https://www.econbiz.de/10009269976