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changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …
Persistent link: https://www.econbiz.de/10011478981
We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …
Persistent link: https://www.econbiz.de/10011997618
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …
Persistent link: https://www.econbiz.de/10011764847
predictions that give the exact test on prudence, an experiment was designed where subjects go through higher order risk attitude …
Persistent link: https://www.econbiz.de/10011867564
We study risk aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … aversion ; prudence ; laboratory experiment … Durchschnitt 41% unterhalb des risikoneutralen Schwellenwertes (Verschiebung von 50% auf 29,3% Prävalenz). Risikoaversion ist für 3 …
Persistent link: https://www.econbiz.de/10009579277
treatment. The procedures in our experiment allow us to circumvent the critique of altered expectations. Our results call for a …
Persistent link: https://www.econbiz.de/10009559236
approach is not based on expected utility theory. In our experiment we find evidence for risk aversion, prudence and temperance … risk. -- Decision making under risk ; laboratory experiment ; prudence ; risk aversion ; temperance ; gender differences …
Persistent link: https://www.econbiz.de/10009124807
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
Persistent link: https://www.econbiz.de/10010191024
In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings...
Persistent link: https://www.econbiz.de/10012596286