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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

Intuition and Reasoning in Choosing Ambiguous and Risky Lotteries

Bergheim, Ralf - 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/10013073252

Decision-making traits and states as determinants of risky choices

Gärtner, Manja; Tinghög, Gustav; Västfjäll, Daniel - 2019

experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision … taking becomes weaker in the emotion-inducing state and in the loss domain. In contrast, the association between a …

Persistent link: https://www.econbiz.de/10012118611

Social preferences under risk : ex-post fairness vs. efficiency

Gaudeul, Alexia - 2015

Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one’s situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives...

Persistent link: https://www.econbiz.de/10011295782

Social comparison and risky choices

Linde, Jona; Sonnemans, Joep - 2009

decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …

Persistent link: https://www.econbiz.de/10011379362

Social preferences under risk : minimizing collective risk vs. reducing ex-post inequality

Gaudeul, Alexia - 2016

We refine the understanding of individual preferences across social lotteries, whereby the payoffs of a pair of subjects are exposed to random shocks. We find that aggregate behavior is ex-post and ex-ante inequality averse, but also that there is a wide variety of individual preferences and...

Persistent link: https://www.econbiz.de/10011476573

Eliciting risk preferences using choice lists

Freeman, David; Halevy, Yoram; Kneeland, Terri - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 217-237

. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …

Persistent link: https://www.econbiz.de/10011994857

The binary lottery procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks

Oechssler, Joerg; Sofianos, Andis - 2019

We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no...

Persistent link: https://www.econbiz.de/10012007430

Framing decisions in experiments on higher-order risk preferences

Haering, Alexander - 2021

In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings...

Persistent link: https://www.econbiz.de/10012596286

Who can predict farmers' choices in risky gambles?

Schaak, Henning; Rommel, Jens; Sagebiel, Julian; … - In: Q open : a journal of agricultural, climate, … 4 (2024) 2, pp. 1-23

Risk is a pervasive factor in agriculture and a subject of great interest to agricultural economists. However, there is a lack of comprehensive understanding of the knowledge held by farm advisors, students, and economists with regards to farmers' risk preferences. Misconceptions about farmers'...

Persistent link: https://www.econbiz.de/10015374814