Showing 1 - 10 of 11,534
We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …
Persistent link: https://www.econbiz.de/10010402215
We analyze gender difference in risk and ambiguity attitude of subjects across two different ethnicities that differ in the degree of female empowerment. Santal is a patriarchal tribe and Khasi is a matrilineal tribe with men and women being the social head in their respective societies. We...
Persistent link: https://www.econbiz.de/10010430778
We develop a tractable method to estimate multiple prior models of decision-making under ambiguity. In a representative sample of the U.S. population, we measure ambiguity attitudes in the gain and loss domains. We find that ambiguity aversion is common for uncertain events of moderate to high...
Persistent link: https://www.econbiz.de/10013004629
Many incentive contracts are inherently ambiguous, lacking an explicit mapping between performance and pay. Using an online labor market, Amazon Mechanical Turk, we study the effect of ambiguous incentives on willingness to accept contracts to do a real-effort task, the probability of completing...
Persistent link: https://www.econbiz.de/10013007499
weighting functions for the risky prospects placed 6 and 12 months into the future. The experiment is used to test whether …
Persistent link: https://www.econbiz.de/10014581476
We present a pre-registered experiment testing the effects of three, high-payoff (up to $50,000) vaccine regret … lotteries in Philadelphia. In each drawing, residents of a randomly selected “treatment” zip code received half of the 12 … estimates of the benefits of these lotteries for Philadelphia’s overall vaccination rate. Our experimental results, however …
Persistent link: https://www.econbiz.de/10013214879
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...
Persistent link: https://www.econbiz.de/10010337020
and later payment risks are realized using a single lottery instead of two independent lotteries. The result is thus …
Persistent link: https://www.econbiz.de/10009575158
Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while psychologists use personality traits to describe...
Persistent link: https://www.econbiz.de/10012851581
We formulate a general theory of preferences over outcome-time-probability triplets and decompose uncertainty into risk and hazard. We define the delay, defer, shift and certainty functions that can be uniquely elicited from behaviour. These individually determine stationarity, the common...
Persistent link: https://www.econbiz.de/10012599133