Valuing A Risky Prospect Less Than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?
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Other versions of this item:
- 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
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Cited by:
- Yitong Wang & Tianjun Feng & L. Keller, 2013. "A further exploration of the uncertainty effect," Journal of Risk and Uncertainty, Springer, vol. 47(3), pages 291-310, December.
More about this item
Keywords
Risky choice; framing; experiments; task ambiguity; subject confusion;JEL classification:
- 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 fields
This 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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