I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …

losing assets for too long. We use an experiment with real real-options to study one possible behavioral motivation. Studies … that participants' styles of decision-making and risk aversion as well as the interaction of those can assist in predicting …

In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …

decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider … two ambiguous urns according to several heuristics. In contrast, personality traits and an individual’s primary decision …Die experimentelle Studie untersucht die individuelle Informationsnachfrage und Entscheidung in Situationen, in denen …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

This paper extends Savage's subjective approach to probability and utility from decision problems under exogenous … simple preference relations uniquely identifies the decision maker's utilities and beliefs of all orders. Connections with …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective … acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …

We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …

are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …