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A choice prediction competition is organized that focuses on decisions from experience in market entry games (http://sites.google.com/site/gpredcomp/ and http://www.mdpi.com/si/games/predict-behavior/). The competition is based on two experiments: An estimation experiment, and a competition...
Persistent link: https://www.econbiz.de/10008682972
People often need to choose between alternatives with known probabilities (risk) and alternatives with unknown probabilities (ambiguity). Such decisions are characterized by attitudes towards ambiguity, which are distinct from risk attitudes. Studies of ambiguity attitudes have thus far focused...
Persistent link: https://www.econbiz.de/10011068487
Erev, Ert, and Roth organized three choice prediction competitions focused on three related choice tasks: one shot decisions from description (decisions under risk), one shot decisions from experience, and repeated decisions from experience. Each competition was based on two experimental...
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In many regions rural tourism is accepted usually as a natural part of the socio-economic fabric juxtaposed with agriculture. It is clear that rural tourism is based on rural amenities, however, it is not clear how it relates to agriculture. Is agricultural activity an important and even a...
Persistent link: https://www.econbiz.de/10011314259
In this paper we study agricultural-urban land allocation in light of the rising amenity value of agricultural landscape. A given land area is to be allocated between a number of agricultural activities (crops) and urban use. Each activity (crop) area generates private benefits (profit from...
Persistent link: https://www.econbiz.de/10011324413
Historically, rural areas have been the place where most of the population lived and made its living. As a result of various economic, demographic, social and cultural changes, the second half of the 20th century was characterized by structural change in many western rural regions. Within this...
Persistent link: https://www.econbiz.de/10011332374
Aesthetic view is one of the ecosystem services of the Mediterranean Sea which can be estimated using price differences in the hotel market. Hotels situated on the Mediterranean Sea charge higher prices for a room with a sea view than for a room without it. The value of this view in 10 major...
Persistent link: https://www.econbiz.de/10011340679
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