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Time delay and investment decisions : evidence from an experiment in Tanzania

Nikolov, Plamen - 2019

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment …

Persistent link: https://www.econbiz.de/10012118320

Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion

Heufer, Jan - 2012

It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...

Persistent link: https://www.econbiz.de/10014175928

Ambiguity attitudes and surprises : experimental evidence on communicating new information within a large population sample

Minnich, Aljoscha; Roggenkamp, Hauke; Lange, Andreas - 2023

This paper investigates ambiguity attitudes for natural events (temperatures) and how they are updated following new information. Using a general population sample, we first obtain baseline ambiguity attitudes for future weather events based on real temperatures over several past days. Second,...

Persistent link: https://www.econbiz.de/10014431440

Dynamic choice, independence and emotions

Hopfensitz, Astrid; Winden, Frans A. A. M. van - 2006 - This version: September 2006

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …

Persistent link: https://www.econbiz.de/10011349715