Former studies have shown that people tend to give buying prices that are lower than selling prices. In our study we investigate if this willingness to accept and willingness to pay disparity sustains for state contingent claims. Contingent claims are defined using risky, ambiguous, and...

In a large online experiment, we relate the retirement timing decision to the disparity between the willingness-to-accept (WTA) and the willingness-to-pay (WTP). In the WTP treatment, participants indicate the maximum amount of monthly benefits they are willing to give up in order to retire...

In Individualexperimenten zeigte sich, daß Entscheider Situationen ohne Ambiguität gegenüber ansonsten gleichwertigen Situationen mit Ambiguität vorziehen. Die Stärke des Ambiguitäts-effektes ist mit der in der jeweiligen Situation empfundenen Kompetenz korreliert: niedrige (hohe)...

Former studies have shown that people tend to give buying prices that are lower than selling prices. In our study we investigate if this willingness to accept and willingness to pay disparity sustains for state contingent claims. Contingent claims are defined using risky, ambiguous, and...