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Risk attitudes with state-dependent indivisibilities in consumption

Fels, Markus - 2019

Some consumption opportunities are both indivisible and only valuable in particular tates of nature. The existence of such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not risk averse anymore even if utility from divisible...

Persistent link: https://www.econbiz.de/10011998942

Who is cheating? : the role of attendants, risk aversion, and affluence

Hübler, Olaf; Menkhoff, Lukas; Schmidt, Ulrich - 2018

This research integrates a standard "cheating" experiment into a broad household survey and finds relationships between … individual characteristics and cheating behavior. We allow for attendance of others at the cheating experiment, addressing the …, while affluence makes cheating costly, as it allows behaving honestly. The underlying experiment in rural Thailand …

Persistent link: https://www.econbiz.de/10011847937

Estimating risk attitudes in conventional and artefactual lab experiments : the importance of the underlying assumptions

Drichoutis, Andreas C.; Koundouri, Phoebe - 2012

In this paper the authors assess the importance of sample type in the estimation of risk preferences. The authors elicit and compare risk preferences from student subjects and subjects drawn from the general population, using the multiple price list method devised by Holt and Laury (Risk...

Persistent link: https://www.econbiz.de/10009514727

Reacting to ambiguous messages: an experimental analysis

Kellner, Christian; Thordal-Le Quement, Mark; Riener, … - 2020

interest. Our experiment finds a significant effect of language ambiguation on subjects who are competent Bayesian updaters …

Persistent link: https://www.econbiz.de/10012387552

Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024

We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe option and a binary risk of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives...

Persistent link: https://www.econbiz.de/10014486803

Allais for the poor

Herrmann, Tabea; Hübler, Olaf; Menkhoff, Lukas; … - 2016

This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to characteristics of “lacking ability”, such as poor education, unemployment, and...

Persistent link: https://www.econbiz.de/10011452571

Allais for the poor : relations to ability, information processing and risk attitudes

Herrmann, Tabea; Hübler, Olaf; Menkhoff, Lukas; … - 2017

This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to characteristics of "lacking ability", such as poor education, unemployment, and little...

Persistent link: https://www.econbiz.de/10011608748

Ever since Allais

Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021

Persistent link: https://www.econbiz.de/10012821448

Cognitive bias mitigation : how to make decision-making rational?

Kucera, Tomas - 2020

reduced selected cognitive biases by 30 %. In this work I report results of an experiment which investigated the debiasing …

Persistent link: https://www.econbiz.de/10012149989

A test of mechanical ambiguity

Oechssler, Joerg; Roomets, Alex - 2013

We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The …

Persistent link: https://www.econbiz.de/10010360878