Valuing A Risky Prospect Less Than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?
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- Andreas Ortmann & Sasha Prokosheva & Ondrej Rydval & Ralph Hertwig, 2007. "Valuing a Risky Prospect Less than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?," CERGE-EI Working Papers wp334, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
References listed on IDEAS
- Glenn W. Harrison & John A. List, 2004. "Field Experiments," Journal of Economic Literature, American Economic Association, vol. 42(4), pages 1009-1055, December.
- Uri Gneezy & John A. List & George Wu, 2006.
"The Uncertainty Effect: When a Risky Prospect is Valued Less than its Worst Possible Outcome,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 121(4), pages 1283-1309.
- Uri Gneezy & John List & George Wu, 2006. "The uncertainty effect: When a risky prospect is valued less than its worst possible outcome," Framed Field Experiments 00152, The Field Experiments Website.
- Daniel Ellsberg, 2000. "Risk, Ambiguity and the Savage Axioms," Levine's Working Paper Archive 7605, David K. Levine.
- Rydval, Ondrej & Ortmann, Andreas, 2004.
"How financial incentives and cognitive abilities affect task performance in laboratory settings: an illustration,"
Elsevier, vol. 85(3), pages 315-320, December.
- Ondrej Rydval & Andreas Ortmann, 2004. "How financial incentives and cognitive abilities affect task performance in laboratory settings: An illustration," CERGE-EI Working Papers wp221, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Steven D. Levitt & John A. List, 2007.
"What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?,"
Journal of Economic Perspectives,
American Economic Association, vol. 21(2), pages 153-174, Spring.
- Steven Levitt & John List, 2007. "What do Laboratory Experiments Measuring Social Preferences Reveal About the Real World," Artefactual Field Experiments 00480, The Field Experiments Website.
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More about this item
KeywordsRisky choice; framing; experiments; task ambiguity; subject confusion;
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2007-08-08 (All new papers)
- NEP-CBE-2007-08-08 (Cognitive & Behavioural Economics)
- NEP-EXP-2007-08-08 (Experimental Economics)
- NEP-UPT-2007-08-08 (Utility Models & Prospect Theory)
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