Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10011844124
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … 70% of axiom violations are intentional whereas only 30% are mistakes. On the subject level we can clearly categorize … almost half of our subjects. Among those, roughly 24% are rational expected utility maximizers, 24% make occasional mistakes …
Persistent link: https://www.econbiz.de/10014578322
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … 70% of axiom viola-tions are intentional whereas only 30% are mistakes. On the subject level we can clearly categorize … almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …
Persistent link: https://www.econbiz.de/10014556632
Persistent link: https://www.econbiz.de/10011350625
Persistent link: https://www.econbiz.de/10011646036
Persistent link: https://www.econbiz.de/10011549134
Persistent link: https://www.econbiz.de/10011814074
Persistent link: https://www.econbiz.de/10012240246
Persistent link: https://www.econbiz.de/10012509067
Two of the most well known regularities observed in preferences under risk and uncertainty are ambiguity aversion and the Allais paradox. We study the behav- ior of an agent who can display both tendencies simultaneously. We introduce a novel notion of preference for hedging that applies to both...
Persistent link: https://www.econbiz.de/10011704845