Ambiguous Solicitation: Ambiguous Prescription
Abstract
We conduct a two-phase laboratory experiment, separated by several weeks. In the first phase, we conduct urn games intended to measure ambiguity aversion on a representative population of undergraduate students. In the second phase, we invite the students back with four different solicitation treatments, varying in the ambiguity of information regarding the task and the payout of the laboratory experiment. We find that those who return do not differ from the overall pool with respect to their ambiguity version. However, no solicitation treatment generates a representative sample. The ambiguous task treatment drives away the ambiguity averse disproportionally, and the detailed task treatment draws in the ambiguity averse disproportionally.Download Info
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Paper provided by Department of Economics, Williams College in its series Department of Economics Working Papers with number 2009-02.Length: 24 pages
Date of creation: Mar 2009
Date of revision:
Publication status: forthcoming in Economic Inquiry.
Handle: RePEc:wil:wileco:2009-02
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Keywords: laboratory experimental methods; experimental economics; laboratory selection effects;Other versions of this item:
- Robert Gazzale & Julian Jamison & Alexander Karlan & Dean Karlan, 2013. "Ambiguous Solicitation: Ambiguous Prescription," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 1002-1011, 01.
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-25 (All new papers)
- NEP-CBE-2009-04-25 (Cognitive & Behavioural Economics)
- NEP-EVO-2009-04-25 (Evolutionary Economics)
- NEP-EXP-2009-04-25 (Experimental Economics)
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- David H. Herberich & John A. List, 2012.
"Digging into Background Risk: Experiments with Farmers and Students,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 94(2), pages 457-463.
- Herberich David & John List, 2012. "Digging into background risk: Experiments with farmers and students," Framed Field Experiments 00157, The Field Experiments Website.
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