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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
. 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
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
oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …
Persistent link: https://www.econbiz.de/10010519127
ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment …
Persistent link: https://www.econbiz.de/10009734686
). However in typical experiments these unknown probabilities are known by others. Thus the typical Ellsberg experiment is a … normatively appropriate.We find that eliminating asymmetric information in the Ellsberg experiment while leaving ambiguity in …
Persistent link: https://www.econbiz.de/10012854581
familiarity bias in an incentivized choice experiment. For ambiguity aversion, 49.4% of the subjects chose to bet on the 50-50 urn …
Persistent link: https://www.econbiz.de/10014180207
Persistent link: https://www.econbiz.de/10008655974
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …
Persistent link: https://www.econbiz.de/10013257953
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745