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When is the risk of cooperation worth taking? The prisoner's dilemma as a game of multiple motives

Engel, Christoph; Zhurakhovska, Lilia - 2013

modelled as a simultaneous, symmetric prisoner's dilemma. This experiment manipulates the payoff in case both players defect …

Persistent link: https://www.econbiz.de/10010323844

The "bomb" risk elicitation task

Crosetto, Paolo; Filippin, Antonio - 2012

-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …

Persistent link: https://www.econbiz.de/10009568710

How do people cope with an ambiguous situation when it becomes even more ambiguous?

Eichberger, Jürgen; Oechssler, Joerg; Schnedler, Wendelin - 2012

unknown probabilities, i.e., they are ambiguity averse. In an experiment, we examine subjects’ choices when there is an …

Persistent link: https://www.econbiz.de/10009569669

Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory

Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …

Persistent link: https://www.econbiz.de/10009792472

Measuring ambiguity preferences : conference paper

Cavatorta, Elisa; Schröder, David - 2014 - This version: February 28, 2014, Preliminary and incomplete

Ambiguity aversion has shown to be economically relevant and has been proposed as an explanation for many phenomena in economics and finance. While the literature has suggested a large variety of elicitation methods to measure ambiguity preferences, their consistency and reliability it is rarely...

Persistent link: https://www.econbiz.de/10010490651

Pricing risk and ambiguity : the effect of perspective taking

Trautmann, Stefan T.; Schmidt, Ulrich - 2011

-to-pay (WTP) in empirical studies although they should be roughly equal according to traditional economic theory. A second stream …

Persistent link: https://www.econbiz.de/10009269976

The "Bomb" risk elicitation task

Crosetto, Paolo; Filippin, Antonio - 2012

-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …

Persistent link: https://www.econbiz.de/10009567090

Reference Dependence and Loss Aversion in Probabilities : Theory and Experiment of Ambiguity Attitudes

Qiu, Jianying - 2013

probabilities, in an experiment and found supporting evidence …

Persistent link: https://www.econbiz.de/10013091978

On the (Ir)Relevance of Monetary Incentives in Risk Preference Elicitation Experiments

Hackethal, Andreas - 2020

Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...

Persistent link: https://www.econbiz.de/10012825027

Measuring Loss Aversion under Ambiguity : A Method to Make Prospect Theory Completely Observable

Abdellaoui, Mohammed - 2016

new tests of prospect theory. We implemented our method in an experiment and obtained support for prospect theory. Utility … and Kahneman's (1992) prospect theory. While methods existed to measure event weighting and the utility for gains and … measure prospect theory's entire utility function. Consequently, we can properly identify properties of utility and perform …

Persistent link: https://www.econbiz.de/10013007231