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Charitable Giving under Normative Uncertainty : Experimental Evidence on The Behavioral Impact of Normative Expert Advice

Costa-Gomes, Miguel; Schoenegger, Philipp - 2023

When giving to one charity, individuals face two types of uncertainty, descriptive and normative. We report a between-subjects charitable-giving experiment which provides first data on normative uncertainty (n=1890). In our experiment, participants can bid for either descriptive information,...

Persistent link: https://www.econbiz.de/10014358479

Aging, probability weighting, and reference point adoption : an experimental study

Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008

incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group’s behavior departs more from the traditional expected utility theory than does the young group’s behavior …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …

Persistent link: https://www.econbiz.de/10003757815

Gender differences when subjective probabilities affect risky decisions : an analysis from the television game show Cash Cab

Kelley, Matthew R.; Lemke, Robert J. - In: Theory and decision : an international journal for … 78 (2015) 1, pp. 153-170

Persistent link: https://www.econbiz.de/10010513887

Context affects the interpretation of low but not high numerical probabilities : a hypothesis testing account of subjective probability

Bilgin, Baler; Brenner, Lyle - In: Organizational behavior and human decision processes : … 121 (2013) 1, pp. 118-128

Persistent link: https://www.econbiz.de/10009734226

Ellsberg re-revisited : an experiment disentangling model uncertainty and risk aversion

Berger, Loic; Bosetti, Valentina - 2016

The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambiguity and compound uncertainty are closely related. However, this association is much stronger when the second layer of uncertainty is subjective than when it is objective. Provided that the compound...

Persistent link: https://www.econbiz.de/10011457763

Belief updating: does the 'good-news, bad-news' asymmetry extend to purely financial domains?

Barron, Kai - 2016

Bayes' statistical rule remains the status quo for modeling belief updating in both normative and descriptive models of behavior under uncertainty. Recent research has questioned the use of Bayes' rule in descriptive models of behavior, presenting evidence that people overweight 'good news'...

Persistent link: https://www.econbiz.de/10011542204