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Rydval, Ondrej - 2009

We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. While the authors implemented a verbal lottery...

Persistent link: https://www.econbiz.de/10013157185

A Theoretical and Experimental Appraisal of Five Risk Elicitation Methods

Crosetto, Paolo - 2013

We perform a comparative analysis of five incentivized tasks used to elicit risk preferences. Theoretically, we compare the elicitation methods in terms of completeness of the range of the estimates as well as their precision, the likelihood of triggering loss aversion, and problems arising when...

Persistent link: https://www.econbiz.de/10013083130

A Theoretical and Experimental Appraisal of Five Risk Elicitation Methods

Crosetto, Paolo - 2013

Persistent link: https://www.econbiz.de/10013086560

Intuition and Reasoning in Choosing Ambiguous and Risky Lotteries

Bergheim, Ralf - 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/10013073252

Information Acquisition and Decisions Under Risk and Ambiguity

Bergheim, Ralf - 2014

This paper experimentally investigates how fair value measurements of financial instruments affect the decision of nonprofessional investors to invest in a bank's shares. Specifically, we assess how investors respond to variations in net income resulting from fair value adjustments in trading...

Persistent link: https://www.econbiz.de/10013050234

The Impact of Fine Size and Uncertainty on Punishment and Deterrence : Evidence from the Laboratory

Feess, Eberhard - 2014

Based on a simple theoretical model, we use a laboratory experiment to test the impacts of uncertainty, the magnitude …

Persistent link: https://www.econbiz.de/10013051060

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

Costa-Gomes, Miguel; Schoenegger, Philipp - 2023

-subjects charitable-giving experiment which provides first data on normative uncertainty (n=1890). In our experiment, participants can bid …

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

Liability Rules and Prevention for Risky and Ambiguous Activities : Theory and Experimental Evidence

Boun My, Kene; Lampach, Nicolas; Spaeter, Sandrine - 2021

prevention. To assess our theoretical predictions, we design a lab experiment by varying the legal regime and the environment …. Consonant with our theory, we obtain that limited liability stimulates subjects' investment in prevention in comparison to … characteristics about the subjects' social preferences during the experiment …

Persistent link: https://www.econbiz.de/10013245286

Insurance Demand for Disaster-Type Risks and the Separation of Attitudes Toward Risk and Ambiguity : An Experimental Study

Marielle, Brunette - 2011

This article presents the results of an experiment designed to test theoretical predictions about the impact of public … compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … compensation programs. For example, results from our experiment confirm the prediction that the WTP for insurance is smaller under …

Persistent link: https://www.econbiz.de/10013127788

Buying and selling risk : an experiment investigating evaluation asymmetries

Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2013

Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...

Persistent link: https://www.econbiz.de/10010252391