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Skewness preferences and asset selection : an experimental study
Bruenner, Tobias; Levínský, René; Qiu, Jianying - 2009
ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment …' experience increases the probability of choosing the lottery with greater skewness. -- skewness ; stochastic dominance ; decision …
Persistent link: https://www.econbiz.de/10009734686
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Is Ambiguity Aversion a Preference? Ambiguity Aversion Without Asymmetric Information
Chen, Daniel L. - 2020
). However in typical experiments these unknown probabilities are known by others. Thus the typical Ellsberg experiment is a … normatively appropriate.We find that eliminating asymmetric information in the Ellsberg experiment while leaving ambiguity in …
Persistent link: https://www.econbiz.de/10012854581
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Ambiguity and Excuse-Driven Behavior in Charitable Giving
Garcia, Thomas - 2020
A donation may have ambiguous costs or ambiguous benefits. Behavior in a laboratory experiment suggests that …
Persistent link: https://www.econbiz.de/10012843721
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Is Ellsberg Behavior Evidence of Ambiguity Aversion?
Kuzmics, Christoph - 2020
We design and implement lab experiments, as close as possible to the Ellsberg two-color urn experiment, to evaluate the … do not act on the basis of preferences alone. Third, additional clarification of the decision making environment pushes …
Persistent link: https://www.econbiz.de/10012848203
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On the (Ir)Relevance of Monetary Incentives in Risk Preference Elicitation Experiments
Hackethal, Andreas - 2020
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
Persistent link: https://www.econbiz.de/10012825027
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Ambiguity and Excuse-Driven Behavior in Charitable Giving
Garcia, Thomas - 2019
A donation may have ambiguous costs or ambiguous benefits. In a laboratory experiment, we show that individuals use …
Persistent link: https://www.econbiz.de/10012897446
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Ambiguity Attitudes in the Loss Domain : Decisions for Self Versus Others
Xu, Yilong - 2018
find no systematic differences in ambiguity attitudes between self- and other-regarding decision-making. Our results are …
Persistent link: https://www.econbiz.de/10012917296
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Measuring Loss Aversion under Ambiguity : A Method to Make Prospect Theory Completely Observable
Abdellaoui, Mohammed - 2016
new tests of prospect theory. We implemented our method in an experiment and obtained support for prospect theory. Utility …
Persistent link: https://www.econbiz.de/10013007231
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Sampling Experience Reverses Preferences for Ambiguity
Ert, Eyal - 2014
. Most studies of ambiguity attitudes have focused on the static case of single choice, where decision makers typically … prefer risky over ambiguous prospects. However, in many situations, decision makers may be able to sample outcomes of an …
Persistent link: https://www.econbiz.de/10013040579
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Strategic Substitutes, Complements and Ambiguity : An Experimental Study
le Roux, Sara - 2015
We report the results from a set of experiments conducted to test the effect of ambiguity on individual behaviour in games of strategic complements and strategic substitutes. We test whether subjects' perception of ambiguity differs when faced by a local opponent as opposed to a foreign one....
Persistent link: https://www.econbiz.de/10013031903