Showing 311 - 320 of 238,187
-choice experiment, where payments are made either directly or in 3, 9, or 18 months after the experiment. We find that risk preference …We investigate whether individual and group risk preferences are dependent on reward delay. To do so, we run a lottery … is time-dependent for both individuals and groups. In the present, groups make more risk-averse decisions than …
Persistent link: https://www.econbiz.de/10012983227
Higher order risk preferences are important determinants of choices under uncertainty. After clarifying some … basis of preferences to choosing randomly. We further analyse the relationship between risk attitudes in monetary and non …-monetary contexts, showing that they are correlated, but correlation is far from 1, with a larger risk aversion in fields like health …
Persistent link: https://www.econbiz.de/10012890287
the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent. …
Persistent link: https://www.econbiz.de/10014431395
independent RIS (I-RIS), to improve its reliability. We conducted an experiment to evaluate the performances of the standard RIS …
Persistent link: https://www.econbiz.de/10013215472
Persistent link: https://www.econbiz.de/10010191024
We study risk aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk … risk, medical decision theory predicts lower thresholds for risk-averse than risk-neutral decision makers. Given a …
Persistent link: https://www.econbiz.de/10009579277
approach is not based on expected utility theory. In our experiment we find evidence for risk aversion, prudence and temperance … risk. -- Decision making under risk ; laboratory experiment ; prudence ; risk aversion ; temperance ; gender differences …We propose a method to measure the intensity of risk aversion, prudence (downside risk aversion) and temperance (outer …
Persistent link: https://www.econbiz.de/10009124807
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to …
Persistent link: https://www.econbiz.de/10011478981
We study the effect of embedding pairwise choices between lotteries within a choice list on measured risk attitude …. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
Persistent link: https://www.econbiz.de/10011994857
changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to …
Persistent link: https://www.econbiz.de/10011764847