Social interaction effects: The impact of distributional preferences on risky choices [0.03%]
社会互动效应：分配偏好对风险选择的影响
Anita Gantner,Rudolf Kerschbamer
Anita Gantner
This paper identifies convex distributional preferences as a possible cause for the empirical observation that agents belonging to the same group tend to behave similarly in risky environments. We first show theoretically that convex distri...
Baseline risk and marginal willingness to pay for health risk reduction [0.03%]
基线风险与健康风险边际减免意愿度的测度关系研究
Shelby Gerking,Wiktor Adamowicz,Mark Dickie et al.
Shelby Gerking et al.
Empirical results presented in this paper suggest that parents' marginal willingness to pay (MWTP) for a reduction in morbidity risk from heart disease is inversely related to baseline risk (i.e., the amount of risk initially faced) both fo...
On the Functional Form of Temporal Discounting: An Optimized Adaptive Test [0.03%]
关于时间贴现函数形式的一项优化自适应测试研究
Daniel R Cavagnaro,Gabriel J Aranovich,Samuel M McClure et al.
Daniel R Cavagnaro et al.
The tendency to discount the value of future rewards has become one of the best-studied constructs in the behavioral sciences. Although hyperbolic discounting remains the dominant quantitative characterization of this phenomenon, a variety ...
The intrinsic value of choice: The propensity to under-delegate in the face of potential gains and losses [0.03%]
选择的内在价值：在潜在收益和损失面前不愿授权的心理倾向
Sebastian Bobadilla-Suarez,Cass R Sunstein,Tali Sharot
Sebastian Bobadilla-Suarez
Human beings are often faced with a pervasive problem: whether to make their own decision or to delegate the decision task to someone else. Here, we test whether people are inclined to forgo monetary rewards in order to retain agency when f...
Michael Kirchler,David Andersson,Caroline Bonn et al.
Michael Kirchler et al.
We experimentally compare fast and slow decisions in a series of experiments on financial risk taking in three countries involving over 1700 subjects. To manipulate fast and slow decisions, subjects were randomly allocated to responding wit...
How to reveal people's preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods [0.03%]
如何揭示人们的偏好：比较多种价格列表风险评估方法的时间一致性及预测能力
Tamás Csermely,Alexander Rabas
Tamás Csermely
The question of how to measure and classify people's risk preferences is of substantial importance in the field of economics. Inspired by the multitude of ways used to elicit risk preferences, we conduct a holistic investigation of the most...
Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field [0.03%]
基于多重先验模型的模糊规避和感知估计：来自实地实验的证据
Stephen G Dimmock,Roy Kouwenberg,Olivia S Mitchell et al.
Stephen G Dimmock et al.
We develop a tractable method to estimate multiple prior models of decision-making under ambiguity. In a representative sample of the U.S. population, we measure ambiguity attitudes in the gain and loss domains. We find that ambiguity avers...
Assessing small non-zero perceptions of chance: The case of H1N1 (swine) flu risks [0.03%]
评估较小的概率感知情况——以H1N1(猪流感)风险为例
Wändi Bruine de Bruin,Andrew M Parker,Jürgen Maurer
Wändi Bruine de Bruin
Feelings of unwarranted invulnerability, seen in judgments of 0% risk, can reflect misunderstandings of risk and risk behaviors, suggesting increased need for risk communication. However, judgments of 0% risk may be given by individuals who...
Discriminating Among Probability Weighting Functions Using Adaptive Design Optimization [0.03%]
使用自适应设计优化方法区分概率权重函数
Daniel R Cavagnaro,Mark A Pitt,Richard Gonzalez et al.
Daniel R Cavagnaro et al.
Probability weighting functions relate objective probabilities and their subjective weights, and play a central role in modeling choices under risk within cumulative prospect theory. While several different parametric forms have been propos...
Daniel R Burghart,Paul W Glimcher,Stephanie C Lazzaro
Daniel R Burghart
We conducted field experiments at a bar to test whether blood alcohol concentration (BAC) correlates with violations of the generalized axiom of revealed preference (GARP) and the independence axiom. We found that individuals with BACs well...