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The question of how to measure and classify people's risk preferences is of substantial importance in the field of …
Persistent link: https://www.econbiz.de/10013027098
A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An extension of application of the hypothesis to the field of forecasting is considered in the article. The concept of inevitability of unforeseen events is a part of the hypothesis of...
Persistent link: https://www.econbiz.de/10012057407
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tries to integrate gender aspects into five main models from decision theory. We can show that according to the model …Women are stereotyped as more risk averse than men. Empirical and experimental investigations seem to support the …
Persistent link: https://www.econbiz.de/10001726237
We analyse models for panel data that arise in risk allocation problems, when a given set of sources are the cause of … an aggregate risk value. We focus on the modeling and forecasting of proportional contributions to risk. Compositional …
Persistent link: https://www.econbiz.de/10012944497
This paper sheds light on the impact of global macroeconomic uncertainty on the euro area economy. We build on the methodology proposed by Jurado et al. (2015) and estimate global as well as country-specific measures of economic uncertainty for fifteen key euro area trade partners and the euro...
Persistent link: https://www.econbiz.de/10012503567
We investigate various statistical methods for forecasting risky choices and identify important decision predictors …
Persistent link: https://www.econbiz.de/10011964372
We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a … differentiation of the population into two similar sized groups in terms of "over-confident" and "contrarian" decision makers. This …
Persistent link: https://www.econbiz.de/10011516615
modeling approaches. The SCPMs are recorded during a fixed pre-decision phase and are derived from tracking subjects' eye … subject-specific risk preferences and is largely driven by including information on lottery design variables. As a key result … lottery payoff characteristics when investigating the role of emotions and cognitive bias in repeated decision …
Persistent link: https://www.econbiz.de/10012427354