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In the context of eliciting preferences for decision making under risk, we ask the question: "which might be the 'best' method for eliciting such preferences?". It is well known that different methods differ in terms of the bias in the elicitation; it is rather less well-known that different...
Persistent link: https://www.econbiz.de/10010272943
decision noise leads to bias in most elicitation tasks, there is a risk of falsely interpreting noise-driven relationships as … of noise in combination with a balanced design allows us to mitigate the bias problem. Our estimations show that … related to noise, but the personality characteristics obtained using the Big Five inventory are less related to noise and more …
Persistent link: https://www.econbiz.de/10012615426
allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results …
Persistent link: https://www.econbiz.de/10010320403
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Environmental stressors such as noise, pollution, extreme temperatures, or crowding can pose relevant externalities in … the economy if certain conditions are met. This paper presents experimental evidence that exposure to acute ambient noise …
Persistent link: https://www.econbiz.de/10010362170
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allowing for heterogeneity of noise yields no significant relation between risk aversion and cognitive ability. Our results … ; cognitive ability ; experiment; noise …
Persistent link: https://www.econbiz.de/10009737693