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The ratio bias phenomenon : fact or artifact?

Lefebvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009

. -- Ratio bias ; financial incentives ; error rates ; experiment …

Persistent link: https://www.econbiz.de/10003910098

Risk preferences are not time preferences : comment

Cheung, Stephen L. - 2012

Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...

Persistent link: https://www.econbiz.de/10009575158

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

Decisions under uncertainty in social contexts

Müller, Stephan; Rau, Holger A. - 2016

This paper theoretically and experimentally studies decision-making in risky and social environments. We explore the interdependence of individual risk attitudes and social preferences in form of inequality aversion as two decisive behavioral determinants in such contexts. Our model and the data...

Persistent link: https://www.econbiz.de/10011540812

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

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

Decisions under uncertainty in social contexts

Müller, Stephan; Rau, Holger A. - 2017

by rank-dependent utility models or cumulative prospect theory. Our results contribute to the basic understanding of the …

Persistent link: https://www.econbiz.de/10011618161

Cognitive hierarchies and the centipede game

Bottero, Margherita - 2010 - Rev. October 1, 2010

evaluated empirically using laboratory data borrowed from a previously published experiment. The paper features two main …

Persistent link: https://www.econbiz.de/10003926375

Inferring preferences from choices under uncertainty

Kuzmics, Christoph - 2012

EUOL plus the Savage axioms, for which this choice is also optimal. -- ambiguity ; decision theory ; Knightian uncertainty …

Persistent link: https://www.econbiz.de/10009509223

Testing for Fictive Learning in Decision-Making Under Uncertainty

Bunn, Oliver - 2013

are lotteries where the relative frequencies of outcomes are not known or may not exist. The trials in each experiment are … process used to generate the relative frequencies of the payoffs of the ambiguous lotteries. In the first experiment, the … ambiguous lotteries. In the second experiment the sample averages do not converge.If we define fictive learning in an experiment …

Persistent link: https://www.econbiz.de/10013084883