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Risky intertemporal choices have a common value function, but a separate choice function

Fidanoski, Filip; Dixit, Vinayak; Ortmann, Andreas - 2025

account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it … reason to be sceptical is that the experiment was not properly powered up; the no-difference results reported by the authors …

Persistent link: https://www.econbiz.de/10015272966

Eliciting utility curvature in time preference

Cheung, Stephen L. - 2019

This paper examines the effects of alternative assumptions regarding the curvature of utility upon estimated discount … the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is … significantly concave, but far closer to linear than utility elicited under risk. As a result, the effect of adjusting discount …

Persistent link: https://www.econbiz.de/10012062699

Measuring price risk aversion through indirect utility functions : a laboratory experiment

Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43

prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … in the mainstream of experimental economics. Indeed, the DT in modern microeconomics indicates that the direct utility … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …

Persistent link: https://www.econbiz.de/10013368182

Estimating preference parameters from strictly concave budget restrictions

Gerhardt, Holger; Suchy, Rafael - 2024

utility. …

Persistent link: https://www.econbiz.de/10015062922

Epictetusian rationality

Ponthière, Grégory - 2022

According to Epictetus, mental freedom and happiness can be achieved by distinguishing between, on the one hand, things that are upon our con- trol (our acts, opinions and desires), and, on the other hand, things that are not upon our control (our body, property, offi ces and reputation), and by...

Persistent link: https://www.econbiz.de/10013455831

Altruistic giving and risk taking in human affairs

Stark, Oded; Balbus, Lukasz - 2024

generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an … cases, we find that altruism lowers risk aversion. The specific case in which the utility functions of the benefactor and of …

Persistent link: https://www.econbiz.de/10015143943

Altruistic giving and risk taking in human affairs

Stark, Oded; Balbus, Lukasz - 2024

Persistent link: https://www.econbiz.de/10015132886

Indifference, indecisiveness, experimentation and stochastic choice

Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686

or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally …

Persistent link: https://www.econbiz.de/10013273770

Distinguishing Social Preferences from Preferences for Altruism

Fisman, Raymond J.; Kariv, Shachar; Markovits, Daniel - 2011

We report a laboratory experiment that enables us to distinguish preferences for altruism (concerning tradeoffs between …

Persistent link: https://www.econbiz.de/10014027608

Afriat in the lab

Heufer, Jan; Bruggen, Paul van - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is … the experiment. Hence for so-called induced budget experiments the Generalized Axiom of Revealed Preference is a necessary … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid …

Persistent link: https://www.econbiz.de/10011563010