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risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely …
Persistent link: https://www.econbiz.de/10013099803
risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely … only the atemporal, utility function. -- intertemporal choice ; risk and certainty ; convex time budget ; multiple price …
Persistent link: https://www.econbiz.de/10009575158
an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of …-taking which does not reverse over the following days. When ambiguity is high, the effect of sentiment looms larger. Survey …
Persistent link: https://www.econbiz.de/10012387918
be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly … elicit ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. In our data, 57% of the …
Persistent link: https://www.econbiz.de/10010207919
We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …, we measure ambiguity attitudes and vary the source of ambiguity, using either the VBB or natural events. We find that the … VBB and natural events result in a similar degree of ambiguity aversion. Further, we find that, by manipulating the number …
Persistent link: https://www.econbiz.de/10015075038
We analyze gender difference in risk and ambiguity attitude of subjects across two different ethnicities that differ in … the social head in their respective societies. We compare subject’s willingness to take up risk and ambiguity for … themselves and on behalf of others. Besides we analyze the differences in risk and ambiguity attitude of subjects from these …
Persistent link: https://www.econbiz.de/10010430778
of ambiguity aversion as well as the personality trait of ambiguity intolerance. We find that standard economic … personality traits, especially ambiguity intolerance …
Persistent link: https://www.econbiz.de/10012851581
from non-migrants in risk and ambiguity preferences elicited using pairs of lotteries; however, migrants are significantly …Using a field experiment in China, we study whether migration status is correlated with attitudes toward risk …, ambiguity, and competitiveness. Our subjects include migrants and non-migrants. We find that, migrants exhibit no differences …
Persistent link: https://www.econbiz.de/10010360288
separation among intertemporal substitution, risk aversion, and ambiguity aversion. We axiomatize this model using two approaches … Seo (2009). We characterize risk attitude and ambiguity attitude within these two approaches. We then discuss our model …In this paper, we establish an axiomatically founded generalized recursive smooth ambiguity model that allows for a …
Persistent link: https://www.econbiz.de/10011691090
We report results from an experiment that contrasts preferences toward the risk of what may happen (outcome risk … preferences) with preferences toward the risk of when something may happen (time or delay risk preferences). Just as choices over … discounting independently from utility. We replicate the widespread finding of outcome risk aversion, but — in a perfectly …
Persistent link: https://www.econbiz.de/10012908536