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One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose … treatment (i.e., a standard lottery), the treatment with awareness of unawareness of lottery outcomes but known number of …
Persistent link: https://www.econbiz.de/10011478981
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose … treatment (i.e., a standard lottery), the treatment with awareness of unawareness of lottery outcomes but known number of …
Persistent link: https://www.econbiz.de/10011764847
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One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose … treatment (i.e., a standard lottery), the treatment with awareness of unawareness of lottery outcomes but known number of …
Persistent link: https://www.econbiz.de/10011784999
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose … treatment (i.e., a standard lottery), the treatment with awareness of unawareness of lottery outcomes but known number of …
Persistent link: https://www.econbiz.de/10011936487
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This paper presents a new incentive compatible method for measuring confidence in own knowledge. This method consists … of two parts. First, an individual answers several general knowledge questions. Second, the individual chooses among …. Experimental results show that subjects, on average, exhibit underconfidence about their own knowledge when the incentive …
Persistent link: https://www.econbiz.de/10014220558