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In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …
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preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014578322
preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014556632
predictions with an online experiment, including comparative statics results. We find strong evidence for the attraction and the …
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the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent. …
Persistent link: https://www.econbiz.de/10014431395
Ambiguity aversion has shown to be economically relevant and has been proposed as an explanation for many phenomena in economics and finance. While the literature has suggested a large variety of elicitation methods to measure ambiguity preferences, their consistency and reliability it is rarely...
Persistent link: https://www.econbiz.de/10010490651
. Most studies of ambiguity attitudes have focused on the static case of single choice, where decision makers typically … prefer risky over ambiguous prospects. However, in many situations, decision makers may be able to sample outcomes of an …
Persistent link: https://www.econbiz.de/10013040579