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Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021

labora-tory experiments designed to test independence, our experiment systematically tests the entire set of axioms …

Persistent link: https://www.econbiz.de/10012583551

Intertemporal equilibria with knightian uncertainty

Dana, Rose-Anne; Riedel, Frank - 2010

We study a dynamic and infinite-dimensional model with Knightian uncertainty modeled by incomplete multiple prior preferences. In interior efficient allocations, agents share a common risk-adjusted prior and use the same subjective interest rate. Interior efficient allocations and equilibria...

Persistent link: https://www.econbiz.de/10008736535

Evolution of non-expected utility preferences

Widekind, Sven von (contributor) - 2005

We investigate an extension of Dekel, Ely and Yilankaya's (2004) treatment of the evolution of preference to more general, possibly non-expected utility preferences. Along the lines of their analysis we consider a population of types that is repeatedly and randomly matched to play the mixed...

Persistent link: https://www.econbiz.de/10003731656

Teams Take the Better Risks

Kuon, Bettina; Mathauschek, Barbara; Sadrieh, Abdolkarim - 2000

principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are …

Persistent link: https://www.econbiz.de/10014182702

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - 2010

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories - stochastic expected utility theory...

Persistent link: https://www.econbiz.de/10014197817

Ambiguity and Excuse-Driven Behavior in Charitable Giving

Garcia, Thomas - 2018

A donation may have ambiguous costs or ambiguous benefits. In a laboratory experiment, we show that individuals use …

Persistent link: https://www.econbiz.de/10012907436

Alternation Bias and Reduction in St. Petersburg Gambles : An Experimental Investigation

Kaivanto, Kim - 2014

-lottery form of the (truncated) St. Petersburg Gamble is explicitly juxtaposed with its reduced form. In the first experiment, we … elicit Subjects' Certainty Equivalents for each form of the gamble. In the second experiment, Subjects choose between reduced …-form' violations of Reduction. The third experiment checks for robustness against range and increment manipulation. In the first …

Persistent link: https://www.econbiz.de/10013065789