Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10014202652
Luckman et al. (2018) experimentally tested the conjecture that a single model of risky intertemporal choice can account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it. Given the existing literature, that is a remarkable...
Persistent link: https://www.econbiz.de/10015272966
Persistent link: https://www.econbiz.de/10003903661
Persistent link: https://www.econbiz.de/10003914722
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/10003803120
Persistent link: https://www.econbiz.de/10003606058
Persistent link: https://www.econbiz.de/10003553096
Persistent link: https://www.econbiz.de/10011342684
The Allais Paradox, or Common Consequence Effect to be precise, is one of the most well-known behavioral regularities in individual decision making under risk. A common perception in the literature, which motivated the development of numerous generalized non‐expected utility theories, is that...
Persistent link: https://www.econbiz.de/10013020598
Persistent link: https://www.econbiz.de/10014252505