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Not all uncertainty is treated equally: Information search under social and nonsocial uncertainty
Fleischhut, Nadine; Artinger, Florian M.; Olschewski, … - In: Journal of Behavioral Decision Making 35 (2021) 2, pp. 1-14
The social world is often portrayed as being less predictable and more uncertain than the nonsocial world. People may therefore feel the need to search more for information before making a choice. However, we suggest that cognitive tools such as social projection and norm‐based expectation may...
Persistent link: https://www.econbiz.de/10013368823
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Valuing a risky prospect less than its worst outcome: uncertainty effect or task ambiguity?
Ortmann, Andreas; Prokosheva, Alexandra; Rydval, Ondřej; … - 2007
Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries' worst outcomes. We show how to undo this result.
Persistent link: https://www.econbiz.de/10010276435
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Uncertainty effect revisited using physical lottery format
Rydval, Ondřej; Ortmann, Andreas; Prokosheva, Sasha; … - 2009
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10010276455
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Stability and change in risk-taking propensity across the adult lifespan
Josef, Anika K.; Richter, David; Samanez-Larking, Gregory R. - 2016
Can risk-taking propensity be thought of as a trait that captures individual differences across domains, measures, and time? Studying stability in risk-taking propensities across the lifespan can help to answer such questions by uncovering parallel, or divergent, trajectories across domains and...
Persistent link: https://www.econbiz.de/10011443147
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Wie gefährlich ist COVID-19? Die subjektive Risikoeinschätzung einer lebensbedrohlichen COVID-19-Erkrankung im Frühjahr und Frühsommer 2020 in Deutschland
Hertwig, Ralph; Liebig, Stefan; Lindenberger, Ulman; … - 2020
Um die Corona-Krise und die Wahrnehmung ihrer Risiken zu untersuchen, wird für die vorliegenden Ausführungen auf … Informationen aus der Längsschnittstudie Sozio-oekonomisches Panel (SOEP) und der darin eingebetteten SOEP …
Persistent link: https://www.econbiz.de/10012270873
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Menschen überschätzen Risiko einer Covid-19-Erkrankung, berücksichtigen aber individuelle Risikofaktoren
Hertwig, Ralph; Liebig, Stefan; Lindenberger, Ulman; … - 2020
, Vorerkrankungen und der Beruf einen starken Einfluss auf ihr individuelles Risiko haben, lebensbedrohlich an Covid-19 zu erkranken … Bevölkerung die derzeitigen Schutzmaßnahmen wie das Abstandhalten und das Tragen von Masken auch bei geringen Neuinfektionszahlen … beibehält. Nichtsdestoweniger ist die Politik gefordert, den Informationsstand und die Risikomündigkeit der Bevölkerung weiter …
Persistent link: https://www.econbiz.de/10012294303
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How people know their risk preference
Arslan, Ruben C.; Brümmer, Martin; Dohmen, Thomas; … - 2020
People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries) - a dominant class of measures-are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....
Persistent link: https://www.econbiz.de/10012294313
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How people know their risk preference
Arslan, Ruben C.; Brümmer, Martin; Dohmen, Thomas; … - 2020
People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries) - a dominant class of measures - are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....
Persistent link: https://www.econbiz.de/10012306415
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How People Know Their Risk Preference
Arslan, Ruben C.; Brümmer, Martin; Dohmen, Thomas; … - 2020
People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries)—a dominant class of measures—are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....
Persistent link: https://www.econbiz.de/10012314873
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How People Know Their Risk Preference
Arslan, Ruben C.; Brümmer, Martin; Dohmen, Thomas; … - 2020
People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries)—a dominant class of measures—are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....
Persistent link: https://www.econbiz.de/10012322522