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Externalities in appropriation : responses to probabilistic losses
Blanco, Esther; Haller, Tobias; Walker, James - 2014
We examine behavior in one-shot appropriation games with deterministic and probabilistic degradation externalities, where the marginal net benefit from appropriation is endogenous, dependent on individuals' expectations of group appropriation. The experimental design involves a menu of games...
Persistent link: https://www.econbiz.de/10010462744
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Granny Versus Game Theorist : Ambiguity in Experimental Games
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 2006
We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …
Persistent link: https://www.econbiz.de/10014055594
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Dissolving an ambiguous partnership
Oechssler, Joerg; Roomets, Alex - 2023
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
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Eliciting risk preferences using choice lists
Freeman, David; Halevy, Yoram; Kneeland, Terri - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 217-237
. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
Persistent link: https://www.econbiz.de/10011994857
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Resolving persistent uncertainty by self-organized consensus to mitigate market bubbles
Sornette, Didier; Andraszewicz, Sandra; Murphy, Ryan O.; … - 2016
We propose a new paradigm to study coordination in complex social systems, such as financial markets, that accounts for fundamental uncertainty. This new context has features from prediction markets that have been shown previously to mitigate price bubbles in classical asset market experiments....
Persistent link: https://www.econbiz.de/10011514493
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Quasi-rational R&D behavior in an environment with fundamental uncertainty
Dimmig, Anne-Kathrin; Erlei, Mathias - 2012 - First Version: August 2012
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …
Persistent link: https://www.econbiz.de/10010481420
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Heterogeneity in risky choice behaviour in a broad population
Gaudecker, Hans-Martin von; Soest, Arthur van; … - 2009
We analyse risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch …
Persistent link: https://www.econbiz.de/10003811220
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Inferring preferences from choices under uncertainty
Kuzmics, Christoph - 2012
If a decision maker, in a world of uncertainty à la Anscombe and Aumann (1963), can choose acts according to some objective probability distribution (by throwing dice for instance) from any given set of acts, then there is no set of acts that allows an experimenter to test more than the Axiom...
Persistent link: https://www.econbiz.de/10009509223
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How performance based payoffs influence estimates of complex information? : an experimental study on quality and precision in estimation tasks
Kroll, Eike B.; Rieger, Jörg; Vogt, Bodo - 2011
information and the introduction of performance-based payoffs have an influence on judgement. Therefore, an experiment is designed … ; experiment …
Persistent link: https://www.econbiz.de/10008903836
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Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample
Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575