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A Microeconometric Test of Alternative Stochastic Theories of Risky Choice.

Loomes, G.; Moffatt, P.G.; Sugden, R. - School of Economics, University of East Anglia - 1998

choice under risk. Various combinations of these approaches are used with expected utility and rank-dependent theory to …

Persistent link: https://www.econbiz.de/10008621787

Buying and selling risk : an experiment investigating evaluation asymmetries

Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2013

Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...

Persistent link: https://www.econbiz.de/10010252391

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...

Persistent link: https://www.econbiz.de/10011813016

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Persistent link: https://www.econbiz.de/10011899690

The Virtual Bingo Blower : an open-source tool to generate ambiguity and risk in experiments

Andersson, Ola; Castillo, Geoffrey; Wengström, Erik - 2024

We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …

Persistent link: https://www.econbiz.de/10015075038

Impatience and uncertainty: Experimental decisions predict adolescents' field behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - 2010

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

Persistent link: https://www.econbiz.de/10010294843

Social preferences under risk: an experimental analysis

Bradler, Christiane - 2009

individuals. Experiments show that people care about others' well-being and their relative standing. This paper investigates … whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the … interrelation of risk and social preferences by measuring (1) individual risk preferences, (2) interpersonal risk preferences, and …

Persistent link: https://www.econbiz.de/10010299505

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Rützler, Daniela; Sutter, Matthias; Kocher, Martin G.; … - 2011

Persistent link: https://www.econbiz.de/10010305955

On whom would I want to depend; Humans or nature?

Farjam, Mike - 2015

We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states of nature (environmental uncertainty). In the social uncertainty treatments subjects depend only on past decisions of other humans. This is the first experiment that studies...

Persistent link: https://www.econbiz.de/10011419479

The relation between privacy protection and risk attitudes, with a new experimental method to elicit the implicit monetary value of privacy

Frik, Alisa; Gaudeul, Alexia - 2016

We investigate the decision of experimental subjects to incur the risk of revealing personal private information to … in the laboratory. We show that individual decisions to incur privacy risk are correlated with decisions to incur … monetary risk. We find that partially depriving subjects of control over the revelation of their personal information does not …

Persistent link: https://www.econbiz.de/10011562001