This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

This paper theoretically and experimentally studies decision-making in risky and social environments. We explore the …

This paper theoretically and experimentally studies decision-making in risky and social environments. We explore the … sensitive to their degree of inequality aversion. The findings contribute to the understanding of decision-making in …

This paper theoretically and experimentally studies decision-making in risky and social environments. We explore the … sensitive to their degree of inequality aversion. The findings contribute to the understanding of decision-making in …

concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and … subtrees as well as entire decision trees. Examples of behavior violating these principles are also reviewed, as are possible …

' responsiveness in the long run. Using an online experiment, we assess how false alarm and missed alarm-prone forecast systems …

to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …

A risky choice experiment is based on one-dimensional choice variables and risk neutrality induced via binary lottery …

their dissimilarity from the perfectly rational decision making? How to rank subjects by risk attitudes? How to cluster …

bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how …-irrelevant, categorizing decision types relies on parameter dependence and choice adaptations. We find that most participants reduce …