Similar Search Results

Strategic uncertainty and probabilistic sophistication

Aoyagi, Masaki; Masuda, Takehito; Nishimura, Naoko - 2021

This paper uses laboratory experiments to study subjects’ assessment of uncertainty resulting from strategic and non-strategic decisions of other players. Nonstrategic events are defined by the colors of balls drawn from urns, whereas strategic events are defined by the action choice in Stag...

Persistent link: https://www.econbiz.de/10012488822

Preference Reversals and Probabilistic Choice

Blavatskyy, Pavlo R. - 2008

Preference reversals occur when different (but formally equivalent) elicitation methods reveal conflicting preferences over two alternatives. This paper shows that when people have fuzzy preferences i.e. when they choose in a probabilistic manner, their observed decisions can generate systematic...

Persistent link: https://www.econbiz.de/10012723327

Probabilistic Choice and Stochastic Dominance

Blavatskyy, Pavlo R. - 2008

This paper presents an axiomatic model of probabilistic choice under risk. In this model, when it comes to choosing one lottery over another, each alternative has a chance of being selected, unless one lottery stochastically dominates the other. An individual behaves as if he compares lotteries...

Persistent link: https://www.econbiz.de/10012724658

A Note on Skewness Seeking : An Experimental Analysis

Bruenner, Tobias - 2007

with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We …

Persistent link: https://www.econbiz.de/10012728702

Robust scoring rules

Tsakas, Elias - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 955-987

Is it possible to guarantee that the mere exposure of a subject to a belief elicitation task will not affect the very same beliefs that we are trying to elicit? In this paper, we introduce mechanisms that make it simultaneously strictly dominant for the subject (a) not to acquire any information...

Persistent link: https://www.econbiz.de/10012308719

Recent developments in modelling references : uncertainty and ambiguity

Camerer, Colin; Weber, Martin - 1991

In subjective expected utility (SEU) the decision weights people attach to events are their beliefs about the …

Persistent link: https://www.econbiz.de/10011737764

Measuring Ambiguity Preferences : A New Ambiguity Preference Survey Module

Cavatorta, Elisa - 2019

Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure …

Persistent link: https://www.econbiz.de/10012903999

Subjective Bayesian Beliefs

Antoniou, Constantinos - 2019

A large literature suggests that many individuals do not apply Bayes Rule correctly when making decisions that depend on them correctly pooling prior information and sample data. We replicate and extend a classic experimental study of Bayesian updating from psychology, employing the methods of...

Persistent link: https://www.econbiz.de/10012905374

Ellsberg's Hidden Paradox

Crockett, Sean - 2019

Ellsberg (1961) proposes two alternative frames to elicit individuals' preferences for ambiguity. Through an experiment … also reveal a similar uniformity bias. We argue that both urn fillers and incentivized decision makers are influenced by … similar perceptually salient features of probability intervals. Our findings have important implications for decision theory …

Persistent link: https://www.econbiz.de/10012866206

Measuring Ambiguity Preferences : A New Ambiguity Preference Survey Module (Online Appendix)

Cavatorta, Elisa - 2019

Persistent link: https://www.econbiz.de/10012867028

A service of the

zbw