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We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. When output …
Persistent link: https://www.econbiz.de/10010281634
We test the implications of ambiguity aversion in a principal–agent problem with multiple agents. Models of ambiguity … contracts. We test this by presenting agents with a choice between comparative reward schemes and independent contracts, which …
Persistent link: https://www.econbiz.de/10010939498
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity … contracts. We test this by presenting agents with a choice between comparative reward schemes and independent contracts, which …
Persistent link: https://www.econbiz.de/10010956755
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity … contracts. We test this by presenting agents with a choice between comparative reward schemes and independent contracts, which …
Persistent link: https://www.econbiz.de/10009545983
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. When output …
Persistent link: https://www.econbiz.de/10009143373
Persistent link: https://www.econbiz.de/10010504734
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. When output …
Persistent link: https://www.econbiz.de/10009230345
proof. Our paper provides the first test of the value (positive or negative) of information under uncertainty. We show that …
Persistent link: https://www.econbiz.de/10012204037
We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this instrument, we structurally estimate a two-parameter model of preferences. Our findings indicate that ambiguity aversion is significantly overstated when risk neutrality is assumed....
Persistent link: https://www.econbiz.de/10010483592
We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this instrument, we structurally estimate a two-parameter model of preferences. Our findings indicate that ambiguity aversion is significantly overstated when risk neutrality is assumed....
Persistent link: https://www.econbiz.de/10013315553