How do subjects view multiple sources of ambiguity? [Dataset] (doi:10.11588/data/10023)

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Part 2: Study Description
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How do subjects view multiple sources of ambiguity? [Dataset]

doi:10.11588/data/10023

heiDATA

2014-08-04

1

Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin, 2014, "How do subjects view multiple sources of ambiguity? [Dataset]", https://doi.org/10.11588/data/10023, heiDATA, V1, UNF:5:opzxnDkbHOo4fM7i9CoiIw== [fileUNF]

How do subjects view multiple sources of ambiguity? [Dataset]

doi:10.11588/data/10023

Eichberger, Jürgen (Alfred-Weber-Institute of Economics)

Oechssler, Jörg (Alfred-Weber-Institute of Economics)

Schnedler, Wendelin (Alfred-Weber-Institute of Economics)

Eichberger, Jürgen

Oechssler, Jörg

Schnedler, Wendelin

heiDATA

HeiDATA: Heidelberg Research Data Repository

Oechssler, Jörg

2014-08-02

https://doi.org/10.11588/data/10023

Social Sciences, Ambiguity aversion, Uncertainty, Minmax-expected utility

C91, D81

As illustrated by the famous Ellsberg paradox, many subjects prefer to bet on events with known rather than with unknown probabilities, i.e., they are ambiguity averse. In an experiment, we examine subjects’ choices when there is an additional source of ambiguity, namely, when they do not know how much money they can win. Using a standard assumption on the joint set of priors, we show that ambiguity-averse subjects should continue to strictly prefer the urn with known probabilities. In contrast, our results show that many subjects no longer exhibit such a strict preference.

Germany

Germany

Students

Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin, "How do subjects view multiple sources of ambiguity?", Theory and Decision, online April 2014, DOI 10.1007/s11238-014-9428-1.

10.1007/s11238-014-9428-1

Eichberger, Jürgen; Oechssler, Jörg; Schnedler, Wendelin, "How do subjects view multiple sources of ambiguity?", Theory and Decision, online April 2014, DOI 10.1007/s11238-014-9428-1.

• Number of cases: 215

• No. of variables per record: 33

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

UNF:5:opzxnDkbHOo4fM7i9CoiIw==

• treatment
• situation
• default
• zuerst_b - order
• subject
• gender
• grade - Grade game theory
• urn_choice
• color_choice
• urne_b
• murmel_b
• urne_u
• murmel_u
• urne_z
• murmel_z
• preis_b
• preis_u
• preis_z
• situation_O
• situation_S
• situation_R
• ball_O
• ball_R
• ball_S
• ambig_averse
• switcher
• filter_$ - treatment=2 (FILTER)
• ambig_averse_S
• ambig_averse_R
• choseH
• DsituationO
• DsituationS
• DsituationR

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This file is for internal use only.

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