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This paper explores the relationship between dynamic consistency and theexisting notions of unambiguous events for Choquet expected utility preferences.A decision maker is faced with an information structure represented bya filtration. We show that the decision maker’s preferences respect...
Persistent link: https://www.econbiz.de/10009249015
ambiguity may induce such behaviour.[...] …
Persistent link: https://www.econbiz.de/10009262201
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …
Persistent link: https://www.econbiz.de/10010239264
be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly … elicit ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. In our data, 57% of the …
Persistent link: https://www.econbiz.de/10010207919
A donation may have ambiguous costs or ambiguous benefits. Behavior in a laboratory experiment suggests that … individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse … excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as an excuse …
Persistent link: https://www.econbiz.de/10012152068
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …
Persistent link: https://www.econbiz.de/10010333340
A donation may have ambiguous costs or ambiguous benefits. Behavior in a laboratory experiment suggests that … individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse … importance of excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as …
Persistent link: https://www.econbiz.de/10012180062
experiment and find that subjects act more often in line with consequentialism than with dynamic consistency. …
Persistent link: https://www.econbiz.de/10003874793
, with the game ranging from a zero-sum one to a coordination game. Meanwhile, the predictions by ambiguity aversion models … similar to the zero-sum game, suggesting that subjects view the standard Ellsberg experiment as a game against the …
Persistent link: https://www.econbiz.de/10011281640
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity … relative ambiguity attitude (compared to the peer's) significantly matters for shifts in individual attitudes, and that … dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …
Persistent link: https://www.econbiz.de/10010364762