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. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
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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 … consistency of individual ambiguity preferences elicited using a variety of incentivized tasks, non-incentivized thought …
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We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...
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