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We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585
an experiment we find that, to the contrary, under most specifications of uncertainty, dictators give more, compared with …
Persistent link: https://www.econbiz.de/10013013735
During recent decades, many new models have emerged in pure and applied economic theory according between Epstein (2010 … to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …
Persistent link: https://www.econbiz.de/10011756091
A risky choice experiment is based on one-dimensional choice variables and risk neutrality induced via binary lottery …
Persistent link: https://www.econbiz.de/10012981935
The over/underconfidence behavior has been explained as a bias of the cognitive process in the decision maker. Such … one's decision consequences are immediately known. In this way, we state that a closer time lapse between expectations and …
Persistent link: https://www.econbiz.de/10014204693
effect of the expected cost of punishment of an individual's decision to engage in a proscribed activity and the effect of … uncertainty on an individual's decision to commit a violation are very difficult to observe in field data. We use a roadway … behavioral theory of deterrence under uncertainty …
Persistent link: https://www.econbiz.de/10014209375
This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …
Persistent link: https://www.econbiz.de/10010331335
decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider … two ambiguous urns according to several heuristics. In contrast, personality traits and an individual's primary decision …Die experimentelle Studie untersucht die individuelle Informationsnachfrage und Entscheidung in Situationen, in denen …
Persistent link: https://www.econbiz.de/10010368131
decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider …
Persistent link: https://www.econbiz.de/10010778651
This paper presents an experiment on the loyalty enhancing effect potentially created by retroactive price reduction …
Persistent link: https://www.econbiz.de/10010704370