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Measuring price risk aversion through indirect utility functions : a laboratory experiment

Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43

under the expected utility theory (EUT) are somewhat subject to context. Other findings imply that the risk premium (RP), as …The present paper introduces a theoretical framework through which the degree of risk aversion with respect uncertain … prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper …

Persistent link: https://www.econbiz.de/10013368182

False and missed alarms in seasonal forecasts affect individual adaptation choices

Hembach-Stunden, Katharina; Vorlaufer, Tobias; Engel, … - In: Q open : a journal of agricultural, climate, … 4 (2024) 1, pp. 1-22

risk of extreme climate conditions. However, being confronted with inaccurate forecast systems may undermine individuals …' responsiveness in the long run. Using an online experiment, we assess how false alarm and missed alarm-prone forecast systems …

Persistent link: https://www.econbiz.de/10015053857

Uncertainty-driven cooperation

Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 1023-1058

We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...

Persistent link: https://www.econbiz.de/10012308721

Procedurally fair co-determination with endogeneous value uncertainty : an experiment

Güth, Werner; Martin, Ludivine; Neugebauer, Tibor; … - In: Games 16 (2025) 2, pp. 1-28

We present an experimental test of a procedurally fair co-determination mechanism where group members reduce their value uncertainty before submitting bids for a joint project. The results suggest a relatively efficient mechanism, with unprofitable projects being largely rejected and profitable...

Persistent link: https://www.econbiz.de/10015408229

Partially unforeseen events : corrections and correcting formulae for forecasts

Charin, Aleksandr A. - In: Expert journal of economics 2 (2014) 2, pp. 69-79

A hypothesis of uncertain future was created and first applied in the field of utility and prospect theories. An extension of application of the hypothesis to the field of forecasting is considered in the article. The concept of inevitability of unforeseen events is a part of the hypothesis of...

Persistent link: https://www.econbiz.de/10012057407

Dealing with endogeneity in risk analysis within the stochastic frontier approach in agricultural economics : a scoping review

Russo, Simone; Phali, Lerato; Prosperi, Maurizio - In: Bio-based and applied economics 11 (2022) 4, pp. 339-350

that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This … study contributes to investigating the methods used to account for endogeneity by using a risk-accommodating stochastic … few studies have treated endogeneity in farm risk-performance evaluations. According to our findings, it can be concluded …

Persistent link: https://www.econbiz.de/10014287554

Methodology for assessing the risk associated with information and knowledge loss management

Yarovenko, Hanna; Bilan, Yuriy; Lyeonov, Serhiy; … - In: Journal of business economics and management 22 (2021) 2, pp. 369-387

’s purpose is to develop a rapid methodology to assess the risk of information and knowledge loss management. It provides the … implementation of eight steps and combines a risk mapping method modified by assessments based on risk factors and incidents as … elements from set theory and using formalization via binary estimates. The methodology includes five significant events caused …

Persistent link: https://www.econbiz.de/10012506098

Inequality hinders group efforts to avoid environmental disasters

Brown, Thomas C.; Kroll, Stephan - In: Q open : a journal of agricultural, climate, … 1 (2021) 1, pp. 1-16

Using a threshold public good experiment, we examine how varying degrees of inequality in resources and differences in … risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face … greater risk than the rich, contributions and success in reaching the threshold decrease with increasing inequality in funds …

Persistent link: https://www.econbiz.de/10013326557

Risk aversion and information aggregation in binary-asset markets

Filippin, Antonio; Mantovani, Marco - In: Quantitative economics : QE ; journal of the … 14 (2023) 2, pp. 753-798

We investigate how risk aversion (RA) shapes the informative content of prices in an experimental asset market, where … the prediction on prices, which do not vary with RA and are close to the risk‐neutral benchmark. This purported conflict … is due to traders, particularly the more risk‐averse ones, conveying into prices only part of their information. …

Persistent link: https://www.econbiz.de/10014308597

Anger management : aggression and punishment in the provision of public goods

Gee, Laura K.; Lyu, Xinxin; Urry, Heather - In: Games 8 (2017) 1, pp. 1-28

aggression. In this lab experiment, we find that adopting an objective attitude (objective), through a form of emotion regulation …

Persistent link: https://www.econbiz.de/10011621328