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Axiom preferences and choice mistakes under risk
Herweg, Fabian; Hippel, Svenja; Müller, Daniel; … - 2024
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014556632
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Cognitive uncertainty in intertemporal choice
Enke, Benjamin; Graeber, Thomas Wilhelm - 2021
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10012697938
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Quantifying lottery choice complexity
Enke, Benjamin; Shubatt, Cassidy - 2023
can generate systematic biases in revealed preference measures such as spurious risk aversion. These effects are very …
Persistent link: https://www.econbiz.de/10014340230
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A two-ball Ellsberg paradox
Jabarian, Brian; Lazarus, Simon - 2023
We conduct an incentivized experiment on a nationally representative US sample (N=708) to test whether people prefer to …
Persistent link: https://www.econbiz.de/10014426529
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Buying and selling risk : an experiment investigating evaluation asymmetries
Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2014
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010229862
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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap
Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021
to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the …
Persistent link: https://www.econbiz.de/10012694052
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Export decision under risk
Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016
regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …
Persistent link: https://www.econbiz.de/10011547934
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A model of reference-dependent belief updating
Maier, Johannes K.; König, Clemens - 2016
are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
Persistent link: https://www.econbiz.de/10011557745
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The resolution of uncertainty in the value and probability domains
Lee, Eungik; Ngangoue, Kathleen M.; Schotter, Andrew - 2024
whether values or probabilities define the main object of uncertainty. In our experiment, however, most subjects resolved …
Persistent link: https://www.econbiz.de/10014456336
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The role of interpersonal uncertainty in prosocial behavior
Chakraborty, Anujit; Henkel, Luca - 2024
In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …
Persistent link: https://www.econbiz.de/10014576953