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. However, it has been speculated that RIS may not be incentive compatible when participants are concerned about ambiguity, i … ambiguity, we conducted three experiments online and in a laboratory. The results of the experiments suggest that RIS is … also argue that using RIS, together with an experimental guideline called Prince, may reduce the observed ambiguity …
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In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a wide set of research questions...
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. However, it has been speculated that RIS may not be incentive compatible when participants are concerned about ambiguity, i … ambiguity, we conducted three experiments online and in a laboratory. The results of the experiments suggest that RIS is … also argue that using RIS, together with an experimental guideline called Prince, may reduce the observed ambiguity …
Persistent link: https://www.econbiz.de/10015046403
Persistent link: https://www.econbiz.de/10015070243
This paper proposes that the ambiguity reflected by a set of priors remains unchanged when the set is translated within … the probability simplex, i.e. ambiguity is location invariant. This unifies and generalises numerous influential … definitions of ambiguity in the literature. Location invariance is applied to normal form games where players perceive strategic …
Persistent link: https://www.econbiz.de/10015070507