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Oct 28, 2020
Oechssler, Jörg; Roomets, Alex, 2020, "Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks [Dataset]", https://doi.org/10.11588/data/RTQIUG, heiDATA, V1, UNF:6:znXzfO0UeSWMUd6rxjZvVw== [fileUNF]
The Savage and the Anscombe–Aumann frameworks are the two most popular approaches used when modeling ambiguity. The former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place bets on the joint outcome of an ambiguo... |
Sep 2, 2019
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]
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 f... |