81 to 88 of 88 Results
Trautmann, Stefan T.; Kocher, Martin; Pahlke, Julius, 2015, "An Experimental Study of Precautionary Bidding [Dataset]", https://doi.org/10.11588/data/10060, heiDATA, V2, UNF:5:RnlzAG0nN9/oXQdIQt8fdA== [fileUNF]
Auctions often involve goods exhibiting a common-knowledge ex-post risk. In such auctions, precautionary bidding predicts that under expected utility, DARA bidders reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of an auctioned good an... |
Kocher, Martin G.; Lahno, Amrei Marie; Trautmann,Stefan T., 2017, "Ambiguity aversion is not universal [Dataset]", https://doi.org/10.11588/data/BU56YA, heiDATA, V1
Assuming universal ambiguity aversion, an extensive theoretical literature studies how ambiguity can account for market anomalies from the perspective of expected utility-based theories. We provide a systematic experimental assessment of ambiguity attitudes in different likelihoo... |
Xu, Yilong; Xu, Xiaogeng; Tucker, Steven, 2018, "Ambiguity Attitudes in the Loss Domain: Decisions for Self versus Others [Dataset]", https://doi.org/10.11588/data/MHUGKP, heiDATA, V1, UNF:6:SxDjm/HSLtSILr2x39sg5g== [fileUNF]
We study whether people’s ambiguity attitudes differ when deciding for themselves or for others in the loss domain. We find no differences in ambiguity attitudes between self- and other-regarding decision-making. Our results are consistent with the loss part of the fourfold patte... |
Trautmann, Stefan T.; König-Kersting, Christian, 2016, "Ambiguity Attitudes in Decisions for Others [Dataset]", https://doi.org/10.11588/data/10084, heiDATA, V2, UNF:5:+nuSVaYwRhcCKiFHfar1iA== [fileUNF]
We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for themselves but as agents for others. We confirm the pattern both with and without accountability. |
Jul 25, 2014
Trautmann, Stefan T.; Van de Kuilen, Gijs, 2014, "Ambiguity attitudes [Supplemental material]", https://doi.org/10.11588/data/10011, heiDATA, V2
The handbook chapter reviews experimental methods to measure ambiguity attitudes, as well as the recent experimental evidence regarding these attitudes. The data file contains background data that form the basis of Table 1 in the chapter. |
Aug 31, 2015
Oechssler, Jörg; Roomets, Alex, 2015, "A Test of Mechanical Ambiguity [Dataset]", https://doi.org/10.11588/data/10059, heiDATA, V1, UNF:5:0TQJ35gJjj9nUWl9FiZstA== [fileUNF]
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg's three-color urn. The procedure includes three design elements that (together) have not been featured in similar experiments: Strict ambiguity preferences, a single decision, and a mecha... |
Kops, Christopher; Pasichnichenko, Illia, 2020, "A Test of Information Aversion", https://doi.org/10.11588/data/G0RNAZ, heiDATA, V1, UNF:6:GkvwqL6qHXH4RRvkp1xJWA== [fileUNF]
The standard Bayesian model implies that information can never have a negative value. We put this implication to the proof. Our paper provides the first test of the value (positive or negative) of information under uncertainty. We show that the ``Bayesian implication'' stands in... |
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]
Abstract 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 exten... |
