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independent RIS (I-RIS), to improve its reliability. We conducted an experiment to evaluate the performances of the standard RIS …
Persistent link: https://www.econbiz.de/10013215472
long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …
Persistent link: https://www.econbiz.de/10013033292
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/10012262354
multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …
Persistent link: https://www.econbiz.de/10012015585
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …
Persistent link: https://www.econbiz.de/10011764847
We design and implement lab experiments, as close as possible to the Ellsberg two-color urn experiment, to evaluate the …
Persistent link: https://www.econbiz.de/10012848203
Traditional economic theory assumes individuals to be entirely rational actors who are solely maximizing their own … interaction of social preferences and risk, the first part of the experiment elicits subjects’ individual risk preferences. Here … experiment, subjects are randomly paired. The same choice problems are repeated but now the subject’s decisions also have …
Persistent link: https://www.econbiz.de/10014198379
This paper is motivated by the current debate on limiting auditor liability. In a laboratory experiment, the effect of …
Persistent link: https://www.econbiz.de/10014051205
In this paper, we report the results of experiments designed to test whether individuals and groups abide by the axioms of monotonicity, with respect to first-order stochastic dominance and Bayesian updating, when making decisions in the face of risk. The results indicate a significant number of...
Persistent link: https://www.econbiz.de/10014055667
Using a revealed preference approach, we conduct an experiment where subjects make choices from linear convex budgets …
Persistent link: https://www.econbiz.de/10013382047