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interest. Our experiment finds a significant effect of language ambiguation on subjects who are competent Bayesian updaters …
Persistent link: https://www.econbiz.de/10012387552
Purpose The relevance of present consumption bias on personal finance has been confirmed in several studies and has important theoretical and practical implications. It has important, measurable implications when analyzing commitment or self-control, adherence to healthy habits (e.g. exercising...
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multi-armed bandit in which the expected returns of the arms jump over the experiment. We find substantial evidence of …
Persistent link: https://www.econbiz.de/10003980009
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familiarity bias in an incentivized choice experiment. For ambiguity aversion, 49.4% of the subjects chose to bet on the 50-50 urn …
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role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …
Persistent link: https://www.econbiz.de/10010234539