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Ambiguity 1 Experiment 1 Reservation Point 1 Search Model 1
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Free 1
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Asano, Takao 1 Okudaira, Hiroko 1 Sasaki, Masaru 1
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Institute of Economic Research, Kyoto University 1
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KIER Working Papers 1
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An Experimental Test of a Search Model under Ambiguity
Asano, Takao; Okudaira, Hiroko; Sasaki, Masaru - Institute of Economic Research, Kyoto University - 2015
The objective of this study 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 strategy to observe the potential trend of reservation points that is usually unobserved. We...
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