A dynamic Ellsberg urn experiment [Dataset] (doi:10.11588/data/10005)

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Part 2: Study Description
Part 3: Data Files Description
Part 4: Variable Description
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A dynamic Ellsberg urn experiment [Dataset]

doi:10.11588/data/10005

heiDATA

2014-06-25

2

Dominiak, Adam; Dürsch, Peter; Lefort, Jean-Philippe, 2014, "A dynamic Ellsberg urn experiment [Dataset]", https://doi.org/10.11588/data/10005, heiDATA, V2, UNF:5:6SM6f4NWdacC70zww1ngbA== [fileUNF]

A dynamic Ellsberg urn experiment [Dataset]

doi:10.11588/data/10005

Dominiak, Adam (Alfred-Weber-Institute of Economics)

Dürsch, Peter (Alfred-Weber-Institute of Economics)

Lefort, Jean-Philippe (Alfred-Weber-Institute of Economics)

Dominiak, Adam

Dürsch, Peter

Lefort, Jean-Philippe

2012

heiDATA

HeiDATA: Heidelberg Research Data Repository

Dürsch, Peter

2014-05-26

https://doi.org/10.11588/data/10005

Social Sciences, Non-expected utility preferences, Ambiguity, Updating, Dynamic consistency, Consequentialism, Experiment

D81 - Criteria for Decision-Making under Risk and Uncertainty, C91 - Design of Experiments: Laboratory, Individual

<p> <strong>Abstract</strong> <br /><br /> Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin behaviorally the link between conditional and unconditional preferences. To test the descriptive validity of these rationality concepts, we conduct a dynamic extension of Ellsbergʼs 3-color experiment. We find that more subjects act in line with consequentialism than with dynamic consistency and that this result is even stronger among ambiguity av erse subjects. </p><p> <strong>Highlights</strong> <ul> <li>We experimentally test consequentialism versus dynamic consistency.</li> <li>The design is a dynamic extension of the 3-color Ellsberg urn.</li> <li>More subjects violate dynamic consistency than consequentialism.</li> <li>Violating subjects (for both axioms) are less confident in their responses.</li> </ul> </p>

Dominiak, A., Duersch, P. (2012). A dynamic Ellsberg urn experiment. Games and economic behavior (Bd. 75, S. 625-638). SAN DIEGO: Academic Press. doi: 10.1016/j.geb.2012.01.002.

Dominiak, A., Duersch, P. (2012). A dynamic Ellsberg urn experiment. Games and economic behavior (Bd. 75, S. 625-638). SAN DIEGO: Academic Press. doi: 10.1016/j.geb.2012.01.002.

• Number of cases: 90

• No. of variables per record: 41

• Type of File: text/tab-separated-values

UNF:5:6SM6f4NWdacC70zww1ngbA==

• Subject
• Session
• id
• Intensity1 - confidence1
• Intensity2 - confidence2
• Intensity3 - confidence3
• Intensity4 - confidence4
• Statistik1
• Statistik2
• Statistik3
• Statistik4
• Statistik5
• Statistik6 - ball
• Statistik7 - machine
• Statistik8 - lake
• Statistik9 - cards
• Blau - guess blue balls
• Gelb - guess yellow balls
• Gruen - guess green balls
• Size - cm
• Statistikkurs - statistics course
• Politics - political view
• Religion - religious
• Lotto - playing lotto
• Roulette - playing roulette
• Poker - playing poker
• Sportwetten - playing sports bets
• Rubbellose - playing lottery scratch tickets
• Andere - playing other change games
• Frage1 - question1
• Frage2 - question2
• Frage3 - question3
• Frage4 - question4
• Sex - female
• Field - field of studies
• dc - dynamically consistent
• Cons - consequentialist
• av - ambiguity averse
• al - ambiguity loving
• Prob - ambiguity neutral
• Bay - baysian = probabilistic everywhere

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Decision sheet.pdf

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ENG Decision sheet.pdf

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ENG Instructions.pdf

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Questionnaire1.pdf

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README.txt

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variable creation.txt

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