An Experimental Test of a Search Model under Ambiguity

This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We observe a significant dip in a trend of reservation points when subjects are faced with ambiguity over wage distributions.

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Year of publication:	2014-01
Authors:	Asano, Takao ; Okudaira, Hiroko ; Sasaki, Masaru
Institutions:	Institute for the Study of Labor (IZA)
Subject:	experiment \| search model \| ambiguity \| reservation wage

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 7933 13 pages
Classification:	C91 - Laboratory, Individual Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010739422