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Social anchor effects in decision-making under ambiguity

Lahno, Amrei M. - 2014

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

Persistent link: https://www.econbiz.de/10010364762

A lab test on the decision not to decide

Schade, Christian D.; Snir, Avichai - In: Business research 13 (2020) 3, pp. 1253-1291

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 …

Persistent link: https://www.econbiz.de/10012422376

The role of interpersonal uncertainty in prosocial behavior

Chakraborty, Anujit; Henkel, Luca - 2024

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

Persistent link: https://www.econbiz.de/10014576953

Eliciting Ambiguous Beliefs Under Alpha-Maxmin Preference

Bose, Subir - 2017

We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...

Persistent link: https://www.econbiz.de/10012969749

Subjective expected utility in games

Di Tillio, Alfredo - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 3, pp. 287-323

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 …

Persistent link: https://www.econbiz.de/10011700273

Strategic Substitutes, Complements and Ambiguity : An Experimental Study

le Roux, Sara - 2015

We report the results from a set of experiments conducted to test the effect of ambiguity on individual behaviour in games of strategic complements and strategic substitutes. We test whether subjects' perception of ambiguity differs when faced by a local opponent as opposed to a foreign one....

Persistent link: https://www.econbiz.de/10013031903

Imperfect recall and time inconsistencies : an experimental test of the absentminded driver “paradox”

Levati, M. Vittoria; Uhl, Matthias; Zultan, Ro'i - 2010

participants. In the other, it is imposed by randomly matching decisions with decision nodes in the information set. The results …. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …

Persistent link: https://www.econbiz.de/10003980493

Reacting to ambiguous messages: an experimental analysis

Kellner, Christian; Thordal-Le Quement, Mark; Riener, … - 2020

interest. Our experiment finds a significant effect of language ambiguation on subjects who are competent Bayesian updaters …

Persistent link: https://www.econbiz.de/10012387552

Using response times to measure strategic complexity and the value of thinking in games

Gill, David; Prowse, Victoria L. - 2017

Response times are a simple low-cost indicator of the process of reasoning in strategic games (Rubinstein, 2007; Rubinstein, 2016). We leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on...

Persistent link: https://www.econbiz.de/10011607565

Strategic complexity and the value of thinking

Gill, David; Prowse, Victoria - 2022

Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on average when they...

Persistent link: https://www.econbiz.de/10013191643