Showing 1 - 10 of 683,564
We investigate experimentally whether collective choice matters for individual attitudes to ambiguity. We consider a two-urn Ellsberg experiment: one urn offers a 45% chance of winning a fixed monetary prize, the other an ambiguous chance. Participants choose either individually or in groups of...
Persistent link: https://www.econbiz.de/10010435145
We investigate experimentally whether collective choice matters for individual attitudes to ambiguity. We consider a two-urn Ellsberg experiment: one urn offers a 45% chance of winning a fixed monetary prize, the other an ambiguous chance. Participants choose either individually or in groups of...
Persistent link: https://www.econbiz.de/10010887075
Persistent link: https://www.econbiz.de/10011098960
Wir untersuchen neben Risikoaversion auch Risikopräferenzen höherer Ordnung, d.h. "Prudence" und "Temperance" in …
Persistent link: https://www.econbiz.de/10010417190
Call a mechanism that associates each profile of preferences over candidates to an ambiguous act an Ambiguous Social Function (ASCF). This paper studies the strategy-proofness of ASCFs. We find that an ASCF is unanimous and strategyproof if and only if there exists a nonempty subset of voters,...
Persistent link: https://www.econbiz.de/10012793453
self-governance. Specifically, we investigate three collective choice rules: majority voting, dictatorship and rotating … dictatorship. We identify a direct and an indirect channel through which collective-choice rules may affect groups' behavior and …
Persistent link: https://www.econbiz.de/10012871536
dictatorship conclusion holds on any superset of this domain. We also provide a minimum consumption guarantee result in the spirit …
Persistent link: https://www.econbiz.de/10011674603
described necessary and sufficient conditions for oligarchy and dictatorship results in social choice models that are nonbinary …
Persistent link: https://www.econbiz.de/10014025189
Experts often disagree. A decision-maker may be averse to such expert disagreement. Existing models of aversion to expert disagreement rest on ambiguity-averse preferences adopting a unanimity principle: If all experts consider one choice better than another, so should the decision-maker. Such...
Persistent link: https://www.econbiz.de/10013175548
reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale … individuelle Risikoaversion und die Einstellung zu Ambiguität einen signifikanten Einfluss auf die Informationsnachfrage haben …
Persistent link: https://www.econbiz.de/10010357825