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Testing ambiguity theories with a mean-preserving design

Yang, Chun-lei; Yao, Lan - In: Quantitative economics : QE ; journal of the … 8 (2017) 1, pp. 219-238

Persistent link: https://www.econbiz.de/10011804838

Testing ambiguity theories with a mean-preserving design

Yang, Chun-lei; Yao, Lan - In: Quantitative economics : QE ; journal of the … 8 (2017) 1, pp. 219-238

experiment where the decision maker draws twice with replacement in the typical Ellsberg two-color urns, but with a different …

Persistent link: https://www.econbiz.de/10011801484

Range-dependent utility

Kontek, Krzysztof; Lewandowski, Michał - In: Management science : journal of the Institute for … 64 (2018) 6, pp. 2812-2832

Persistent link: https://www.econbiz.de/10011879030

The standard model of rational risky decision-making

Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...

Persistent link: https://www.econbiz.de/10012520657

Experimental asset markets with an indefinite horizon

Duffy, John; Jiang, Janet Hua; Xie, Huan - 2019

Persistent link: https://www.econbiz.de/10012037790

Investigation of the stochastic choice under risk using experimental data

Permana, Yudistira; Empel, Giovanni van; Pradiptyo, Rimawan - In: Gadjah Mada international journal of business 22 (2020) 2, pp. 137-150

Persistent link: https://www.econbiz.de/10012519111

Estimating ambiguity aversion in a portfolio choice experiment

Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223

Persistent link: https://www.econbiz.de/10010409967

Intuition and reasoning in choosing ambiguous and risky lotteries

Bergheim, Ralf; Roos, Michael W. M. - 2013

processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …

Persistent link: https://www.econbiz.de/10010188142

Estimating ambiguity aversion in a portfolio choice experiment

Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223

We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …

Persistent link: https://www.econbiz.de/10011757224

Teams Take the Better Risks

Kuon, Bettina; Mathauschek, Barbara; Sadrieh, Abdolkarim - 2000

principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are …

Persistent link: https://www.econbiz.de/10014182702