Attitudes toward uncertainty and randomization: an experimental study

DOI10.1007/s00199-011-0649-zzbMath1276.91041OpenAlexW2066338544MaRDI QIDQ641827

Adam Dominiak, Wendelin Schnedler

Publication date: 25 October 2011

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-011-0649-z

zbMATH Keywords

ambiguitypreference for randomizationuncertainty aversionnon-expected utility models

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Probabilistic games; gambling (91A60) Experimental studies (91A90)

Related Items (18)

Savage vs. Anscombe-Aumann: an experimental investigation of ambiguity frameworks ⋮ Randomization and dynamic consistency ⋮ A full characterization of Nash implementation with strategy space reduction ⋮ Revealed preferences under uncertainty: incomplete preferences and preferences for randomization ⋮ Randomization under ambiguity: efficiency and incentive compatibility ⋮ Anticipated regret as an explanation of uncertainty aversion ⋮ Second-order ambiguous beliefs ⋮ Dynamic consistency for non-expected utility preferences ⋮ The price for information about probabilities and its relation with risk and ambiguity ⋮ Mixed strategies and preference for randomization in games with ambiguity averse agents ⋮ Mixed extensions of decision problems under uncertainty ⋮ Choice theory when agents can randomize ⋮ OPTIMISM AND PESSIMISM IN GAMES ⋮ Hedging, ambiguity, and the reversal of order axiom ⋮ Solution concepts for games with ambiguous payoffs ⋮ Why do people prefer randomisation? An experimental investigation ⋮ A general theory of subjective mixtures ⋮ How do subjects view multiple sources of ambiguity?

Uses Software

• Z-Tree

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