Preference for Randomization: Ambiguity Aversion and Inequality Aversion
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- Adam Dominiak & Wendelin Schnedler, 2011.
"Attitudes toward uncertainty and randomization: an experimental study,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 289-312, October.
- Dominiak, Adam & Schnedler, Wendelin, 2010. "Attitudes towards Uncertainty and Randomization: An Experimental Study," Working Papers 0494, University of Heidelberg, Department of Economics.
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KeywordsAmbiguity; randomization; Ellsberg paradox; other–regarding preferences; inequality; maxmin utility.;
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-26 (All new papers)
- NEP-EXP-2010-06-26 (Experimental Economics)
- NEP-GTH-2010-06-26 (Game Theory)
- NEP-UPT-2010-06-26 (Utility Models & Prospect Theory)
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