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decision-related reactions within the DSFM time series predicted individual differences in risk attitudes as modeled with the …Decision making can be a complex process requiring the integration of several attributes of choice options … functional magnetic resonance imaging (fMRI) data from an investment decision (ID) study for ID-related effects. We propose a new …
Persistent link: https://www.econbiz.de/10010379977
Risk attitude and perception is reflected in brain reactions during RPID experiments. Given the fMRI data, an important … research question is how to detect risk related regions and to investigate the relation between risk preferences and brain … method improves the quality of spatial representations and guarantees the contiguity of risk related regions. The selected …
Persistent link: https://www.econbiz.de/10010529349
panic behavior, while risk or ambiguity aversion do not. …
Persistent link: https://www.econbiz.de/10011684569
low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision …This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and …
Persistent link: https://www.econbiz.de/10009582412
cooperate to improve the group's outcome by sharing their wealth in non-compulsory, non-enforceable risk-sharing arrangements …. We find that average subject behavior appears to be motivated by self-interest more than group survival. -- risk sharing …
Persistent link: https://www.econbiz.de/10009686479
In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and …
Persistent link: https://www.econbiz.de/10010246087
Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces …
Persistent link: https://www.econbiz.de/10011976074
Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary policy in the presence of uncertainty about the...
Persistent link: https://www.econbiz.de/10009765348
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …
Persistent link: https://www.econbiz.de/10011451668