1 to 10 of 27 Results
Jul 25, 2014 - AWI Experimental Economics
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. |
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. |
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... |
Trautmann, Stefan T.; Kuilen, Gijs van de, 2014, "Belief Elicitation: A Horse Race among Truth Serums [Dataset]", https://doi.org/10.11588/data/10004, heiDATA, V3, UNF:5:rdLqOxsqtpO3QKanCTJFPw== [fileUNF]
We pit non-incentivized introspection against five revealed preference mechanisms (“truth serums”) in the elicitation of beliefs in a simple two-player game. We measure the additivity, the predictive power for own behaviour, and the accuracy of each method. Beliefs from incentivi... |
Dec 20, 2016 - AWI Experimental Economics
Krawczyk, Michal; Trautmann, Stefan T.; van de Kuilen, Gijs, 2016, "Catastrophic Risk: Social Influences on Insurance Decisions [Dataset]", https://doi.org/10.11588/data/10096, heiDATA, V1
We study behavioral patterns of insurance demand for low-probability large-loss events (catastrophic losses). Individual patterns of belief formation and risk attitude that were suggested in the behavioral decisions literature emerge robustly in the current set of insurance choic... |
Dengler, Sebastian; Gerlagh, Reyer; Trautmann, Stefan T.; van de Kuilen, Gijs, 2019, "Climate policy commitment devices [Dataset]", https://doi.org/10.11588/data/R8HGIB, heiDATA, V1, UNF:6:G5JiC8JlmlC3TYlJ68qogw== [fileUNF]
We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a baseline condition, we find that policy interven... |
König-Kersting, Christian; Trautmann, Stefan T., 2017, "Countercyclical Risk Aversion: Beyond Financial Professionals [Online Appendix and Replication Package]", https://doi.org/10.11588/data/HLGUFF, heiDATA, V3, UNF:6:uf5BEfv2apPfRJhp2qW+Kw== [fileUNF]
We test if Cohn et al.’s (2015) experimental results on countercyclical risk aversion exhibited by financial professionals generalize to a standard student sample. In our sample, we do not find an effect of stock market bust or boom on subjects’ investments. We do not find a syst... |
Özgümüs, Asri; Rau, Holger A.; Trautmann, Stefan T., 2023, "Delayed Risk in Individual and Social Decisions [Dataset]", https://doi.org/10.11588/data/QGKGSN, heiDATA, V1
This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshot... |
Jan 29, 2019 - AWI Experimental Economics
Trautmann, Stefan T., 2019, "Distance from a Distance: The Robustness of Psychological Distance Effects [Dataset]", https://doi.org/10.11588/data/0HJW2A, heiDATA, V1, UNF:6:Rk3oq4gQ95R1nr48tgqV+Q== [fileUNF]
Psychological distance effects have attracted the attention of behavioral economists in the context of descriptive modeling and behavioral policy. Indeed, psychological distance effects have been shown for an increasing number of domains and applications relevant to economic deci... |
Nov 22, 2022 - AWI Experimental Economics
Becker, Christoph K.; Trautmann, Stefan T., 2022, "Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries [Dataset]", https://doi.org/10.11588/data/CVMANS, heiDATA, V1
Several studies indicate that happiness follows a U-shape over the life cycle: Happiness decreases after the teenage years until reaching its nadir in middle age. A similar number of studies views the U-shape critically, stating that it is the result of the wrong controls or the... |
