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Information acquisition and decisions under risk and ambiguity
Bergheim, Ralf - 2014
reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale … individuelle Risikoaversion und die Einstellung zu Ambiguität einen signifikanten Einfluss auf die Informationsnachfrage haben …
Persistent link: https://www.econbiz.de/10010357825
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Intuition and reasoning in choosing ambiguous and risky lotteries
Bergheim, Ralf; Roos, Michael W. M. - 2013
processes we do not find that those subjects showing ambiguity aversion in an urn experiment based on Halevy (2007 …
Persistent link: https://www.econbiz.de/10010188142
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Estimating ambiguity aversion in a portfolio choice experiment
Ahn, David S.; Choi, Syngjoo; Gale, Douglas; Kariv, Shachar - In: Quantitative economics : QE ; journal of the … 5 (2014) 2, pp. 195-223
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
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Higher-order risk preferences in social settings : an experimental analysis
Heinrich, Timo; Mayrhofer, Thomas - 2014
Wir untersuchen neben Risikoaversion auch Risikopräferenzen höherer Ordnung, d.h. "Prudence" und "Temperance" in …
Persistent link: https://www.econbiz.de/10010417190
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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 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/10012262354
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On the role of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2022
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/10013545997
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Ambiguity aversion is the exception
Kocher, Martin; Lahno, Amrei Marie; Trautmann, Stefan T. - 2015
An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can account for empirically observed violations of expected utility-based theories. Almost all relevant applied models presume a general dislike of ambiguity. In this paper, we provide...
Persistent link: https://www.econbiz.de/10010496989
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On whom would I want to depend; Humans or nature?
Farjam, Mike - 2015
We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states … other humans. This is the first experiment that studies social uncertainty that does not derive from a strategic situation …
Persistent link: https://www.econbiz.de/10011392605
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A test of mechanical ambiguity
Oechssler, Joerg; Roomets, Alex - 2013
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The …
Persistent link: https://www.econbiz.de/10010360878
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Aging, probability weighting, and reference point adoption : an experimental study
Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008
We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary … incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion …, probability weightings and reference point adoption of elderly and young groups. The results of our experiment indicate that the …
Persistent link: https://www.econbiz.de/10003757815