We run an experiment that gives subjects the opportunity to hedge away ambiguity in an Ellsberg-style experiment … setting. We find that we cannot reject that the reversal-of-order axiom holds. This suggests that hedging could still be … possible when carefully implementing RLIS. However, we also find low levels of ambiguity hedging across the board, suggesting …

This appendix to the paper “Belief elicitation in experiments: Is there a hedging problem?” (http …

Disclosure standards mandate the quantitative disclosure of hedging-instrument related risks but not the disclosure of … item disclosures alongside quantitative hedging instrument risk disclosures, affects investors' integration of information … from these two related disclosures. Our first experiment varies the hedged item risk disclosure format (quantitative or …

Disclosure standards mandate the quantitative disclosure of hedging-instrument related risks but not the disclosure of … item disclosures alongside quantitative hedging instrument disclosures, affects investors' integration of information from … these two related disclosures. Our first experiment varies the hedged item disclosure format (quantitative or qualitative …

. So can we trust the existing belief-elicitation results? And can we avoid potential hedging confounds? We propose an … experimental design that theoretically eliminates hedging opportunities. Using this design we test for the empirical relevance of … hedging effects in the lab. Our results suggest that hedging confounds are not a major problem if hedging opportunities are …

stated beliefs against adverse outcomes of other decisions in the experiment. This raises two questions: (i) can we trust the … existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the …