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Ambiguity Preferences for Health
Attema, Arthur E. - 2017
people's preferences are affected by ambiguity. Health economic analyses generally ignore ambiguity preferences and assume … that they are the same as preferences under risk. We show how health preferences can be measured under ambiguity and we … compare them with health preferences under risk. We assume a general ambiguity model that includes many of the ambiguity …
Persistent link: https://www.econbiz.de/10012949923
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Attitudes towards uncertainty and randomization : an experimental study
Dominiak, Adam - 2009
Individuals exhibit a randomization preference if they prefer random mixtures of two bets to each of the involved bets. Such preferences provide the foundation of various models of uncertainty aversion. However, it has to our knowledge not been empirically investigated whether uncertainty-averse...
Persistent link: https://www.econbiz.de/10003916450
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Intertemporal stability of ambiguity preferences
Dürsch, Peter; Römer, Daniel; Roth, Benjamin - 2013
To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly elicit ambiguity attitudes towards multiple 3-color Ellsberg...
Persistent link: https://www.econbiz.de/10010207919
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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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Essays in behavioral and experimental economics
Alevy, Jonathan E. - 2006
Persistent link: https://www.econbiz.de/10003908084
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Attitudes towards uncertainty and randomization : an experimental study
Dominiak, Adam; Schnedler, Wendelin - 2010
Persistent link: https://www.econbiz.de/10008909171
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Elicting beliefs : theory and experiments
Rutström, Eva Elisabet; Harrison, Glenn W.; Fountain, John - 2007
Persistent link: https://www.econbiz.de/10003590710
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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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Can ranking techniques elicit robust values?
Bateman, Ian; Day, Brett; Loomes, Graham; Sugden, Robert - In: Journal of risk and uncertainty : JRU 34 (2007) 1, pp. 49-66
Persistent link: https://www.econbiz.de/10003494162
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Preference intensities and risk aversion in school choice : a laboratory experiment
Klijn, Flip; Pais, Joana; Vorsatz, Marc - 2010
Persistent link: https://www.econbiz.de/10003985412