Search Results - subject:"utility function elicitation"

The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment

Schunk, Daniel; Winter, Joachim - 2007

Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different classes of decision rules: rules that are optimal conditional on utility functions departing from...

Persistent link: https://www.econbiz.de/10010427494

The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment

Schunk, Daniel; Winter, Joachim - Volkswirtschaftliche Fakultät, … - 2007

Persistent link: https://www.econbiz.de/10005187339

The relationship between risk attitudes and heuristics in search tasks : a laboratory experiment

Schunk, Daniel; Winter, Joachim - 2007 - This version: February 22, 2007

. Keywords: search; heuristics; utility function elicitation; risk attitudes; prospect theory JEL classiflcation: D83; C91 ⁄ The ….9% on gains and 23.4% on losses in the utility function elicitation part of the experiment.18 4.1 Part A: Preferences In … utility function elicitation part of the experiment and their behavior in the search experiment. We also extend this type of …

Persistent link: https://www.econbiz.de/10003470506