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preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly … almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …
Persistent link: https://www.econbiz.de/10014556632
Unter dem Besitztumseffekt wird die Tatsache verstanden, daß Entscheider Alternativen bezüglich eines Referenzpunktes beurteilen und dabei Verluste stärker gewichten als Gewinne. Diese unterschiedliche Beurteilung spiegelt sich auch in einer starken Diskrepanz zwischen Kauf- und Verkaufspreis...
Persistent link: https://www.econbiz.de/10011738239
Persistent link: https://www.econbiz.de/10001547183
focuses on situations where some resource (for instance, a position, decision power, a bonus) has to be allocated between two … parties: the decision maker can either opt for sharing the resource or for using a random device that allocates the entire … prize to one of the two parties. By varying the relative situation of the decision maker with respect to the other party, we …
Persistent link: https://www.econbiz.de/10010350221
probability distributions predicts that subjects have Von Neuman Morgenstern utility (EUT). Therefore, probability weighting is … which probability amplitudes (popularized by quantum decision [field] theory) are computed. This explains the “quantal … preferences are different for the same stimuli because decision weights depend on broken cycles for HPWF. However, our model also …
Persistent link: https://www.econbiz.de/10013113294
As societies are increasingly concerned with risks, it is important to evaluate risks not only from an individual, but also from a societal perspective. This paper analyzes preferences of impartial spectators over different types of risk allocations across a group of individuals. We consider...
Persistent link: https://www.econbiz.de/10013066200
model once the textbook assumption of separable agent utility is relaxed …
Persistent link: https://www.econbiz.de/10013112121
substitution, ex-ante inequality, and ex-post inequality. We devise an experiment with four decision environments based on convex …
Persistent link: https://www.econbiz.de/10014263591
model once the textbook assumption of separable agent utility is relaxed …
Persistent link: https://www.econbiz.de/10013111204