|
View: |
Part 1: Document Description
|
|
Citation |
|
|---|---|
|
Title: |
Hedging, ambiguity, and the reversal of order axiom [Dataset] |
|
Identification Number: |
doi:10.11588/data/1XDKHZ |
|
Distributor: |
heiDATA |
|
Date of Distribution: |
2019-09-02 |
|
Version: |
1 |
|
Bibliographic Citation: |
Oechssler, Jörg; Rau, Hannes; Roomets, Alex, 2019, "Hedging, ambiguity, and the reversal of order axiom [Dataset]", https://doi.org/10.11588/data/1XDKHZ, heiDATA, V1, UNF:6:c8rHrHnmCxS3BC4O6euGVQ== [fileUNF] |
|
Citation |
|
|
Title: |
Hedging, ambiguity, and the reversal of order axiom [Dataset] |
|
Identification Number: |
doi:10.11588/data/1XDKHZ |
|
Authoring Entity: |
Oechssler, Jörg (Alfred-Weber-Institute of Economics, Heidelberg University, Heidelberg, Germany) |
|
Rau, Hannes (Alfred-Weber-Institute of Economics, Heidelberg University, Heidelberg, Germany) |
|
|
Roomets, Alex (Franklin and Marshall College, USA) |
|
|
Date of Production: |
2019 |
|
Distributor: |
heiDATA |
|
Distributor: |
heiDATA: Heidelberg Research Data Repository |
|
Access Authority: |
Oechssler, Jörg |
|
Date of Deposit: |
2019-08-29 |
|
Holdings Information: |
https://doi.org/10.11588/data/1XDKHZ |
|
Study Scope |
|
|
Keywords: |
Social Sciences, Ellsberg paradox, Hedging, Reversal of order axiom, Experiment |
|
Topic Classification: |
C91, C72, D74 |
|
Abstract: |
We ran experiments that gave subjects a straight-forward and simple opportunity to hedge away ambiguity in an Ellsberg-style experiment. Subjects had to make bets on the combined outcomes of a fair coin and a draw from an ambiguous urn. By modifying the timing of the draw, coin flip, and decision, we are able to test the reversal-of-order axiom. Our main result is that the reversal-of-order axiom seems to hold. We also confirm low levels of ambiguity hedging despite the relative obviousness of the opportunity. |
|
Methodology and Processing |
|
|
Sources Statement |
|
|
Data Access |
|
|
Other Study Description Materials |
|
|
Related Publications |
|
|
Citation |
|
|
Title: |
Oechssler, Jörg; Rau, Hannes; Roomets, Alex: Hedging, ambiguity, and the reversal of order axiom: Elsevier Inc, 2019. In: Games and Economic Behavior. (2019) S. 380-387, ISSN 0899-8256 |
|
Identification Number: |
10.1016/j.geb.2019.07.007 |
|
Bibliographic Citation: |
Oechssler, Jörg; Rau, Hannes; Roomets, Alex: Hedging, ambiguity, and the reversal of order axiom: Elsevier Inc, 2019. In: Games and Economic Behavior. (2019) S. 380-387, ISSN 0899-8256 |
|
File Description--f3028 |
|
|
File: data hedge test.tab |
|
|
|
|
Notes: |
UNF:6:c8rHrHnmCxS3BC4O6euGVQ== |
|
List of Variables: |
|
|
Variables |
|
|
f3028 Location: |
Variable Format: character Notes: UNF:6:GC+klsUEIusWMILWp0KTFw== |
|
f3028 Location: |
Summary Statistics: StDev 390.58703307381455; Max. 42858.0; Mean 42098.48986486487; Valid 296.0; Min. 41835.0 Variable Format: numeric Notes: UNF:6:RR/ojgyQYh4AZ6uyxdG6QA== |
|
f3028 Location: |
Summary Statistics: Valid 296.0; Max. 7.0; Min. 1.0; Mean 2.3851351351351364; StDev 1.4707251694485501 Variable Format: numeric Notes: UNF:6:G2cKU9JVLX5b8P4fDFiI4A== |
|
f3028 Location: |
Summary Statistics: Mean 29.277027027027025; Valid 296.0; StDev 18.398349574450258; Min. 1.0; Max. 65.0 Variable Format: numeric Notes: UNF:6:cOvvXo2a0Gu1E+rk3lywkA== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:KWb6RxRJdkQXwzVQiJIGWg== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:QmZAwtnvMYopZusnXNI7yA== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:+GpzdA8BMkUulcfiLhIMkQ== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:1i3/WY32063zKDAtg4LbYA== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:HBiOCxFKTujv5SSWPKttCw== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:kQMlB4cpmO+Tqc2rcHZDOw== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:/Z2pNNM+rz8hEHAPuDbYdA== |
|
f3028 Location: |
Summary Statistics: Valid 260.0; StDev 2.4958385322792758; Mean 5.288461538461538; Min. 3.0; Max. 8.0; Variable Format: numeric Notes: UNF:6:scJb8bRKZe6nRwaCI5YKkg== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:bmHXfVCbKXxFs58L86E8sw== |
|
f3028 Location: |
Variable Format: character Notes: UNF:6:88tqeE1F4xtbReZIlC/TIQ== |
|
Label: |
Data AJH Wave 3.xlsx |
|
Notes: |
application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
|
Label: |
GAME3024_Readme.txt |
|
Notes: |
text/plain |
|
Label: |
hedge replication.do |
|
Notes: |
application/x-stata-syntax |
|
Label: |
replication.log |
|
Notes: |
text/x-log |