Ellsberg task as a one-person decision problem. We challenge this view: Instead of seeing the Ellsberg task as a one …-person decision problem, it can be perceived as a two-player game. One player chooses among the bets. The second player determines the … similar to the zero-sum game, suggesting that subjects view the standard Ellsberg experiment as a game against the …

to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …

whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the …

whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the …

participants. In the other, it is imposed by randomly matching decisions with decision nodes in the information set. The results …. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …

information and the introduction of performance-based payoffs have an influence on judgement. Therefore, an experiment is designed … performance-based payoffs are introduced to an otherwise hypothetical decision environment. That means, while the variation in the … treatment variables increase the quality of the estimate, the precision as a reflection of the decision makers confidence is …

-regarding preferences ; social preferences ; decision making under risk ; single-peaked preferences ; experiments …

position vis-á-vis others. Taking a bet can improve oneś position relative to others or threaten it. We present an experiment …