Publikation:

A dynamic Ellsberg urn experiment

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2012

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Dominiak, Adam
Lefort, Jean-Philippe

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http://nbn-resolving.de/urn:nbn:de:bsz:352-232084
DOI (zitierfähiger Link)
https://doi.org/10.1016/j.geb.2012.01.002
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Games and Economic Behavior. 2012, 75(2), pp. 625-638. ISSN 0899-8256. eISSN 1090-2473. Available under: doi: 10.1016/j.geb.2012.01.002

Zusammenfassung

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 extension of Ellsbergʼs 3-color experiment. We find that more subjects act in line with consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Non-expected utility preferences, Dynamic consistency, Ambiguity, Updating, Consequentialism, Experiment

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ISO 690DOMINIAK, Adam, Peter DÜRSCH, Jean-Philippe LEFORT, 2012. A dynamic Ellsberg urn experiment. In: Games and Economic Behavior. 2012, 75(2), pp. 625-638. ISSN 0899-8256. eISSN 1090-2473. Available under: doi: 10.1016/j.geb.2012.01.002
BibTex
@article{Dominiak2012dynam-23208,
  year={2012},
  doi={10.1016/j.geb.2012.01.002},
  title={A dynamic Ellsberg urn experiment},
  number={2},
  volume={75},
  issn={0899-8256},
  journal={Games and Economic Behavior},
  pages={625--638},
  author={Dominiak, Adam and Dürsch, Peter and Lefort, Jean-Philippe}
}
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