Počet záznamů: 1  

Comparing decisions under compound risk and ambiguity: the importance of cognitive skills

  1. 1.
    SYSNO ASEP0468780
    Druh ASEPJ - Článek v odborném periodiku
    Zařazení RIVJ - Článek v odborném periodiku
    Poddruh JČlánek ve WOS
    NázevComparing decisions under compound risk and ambiguity: the importance of cognitive skills
    Tvůrce(i) Prokosheva, Sasha (NHU-C)
    Zdroj.dok.Journal of Behavioral and Experimental Economics - ISSN 2214-8043
    Roč. 64, October (2016), s. 94-105
    Poč.str.12 s.
    Jazyk dok.eng - angličtina
    Země vyd.US - Spojené státy americké
    Klíč. slovacognitive ability ; reduction of compound lotteries
    Vědní obor RIVAH - Ekonomie
    Institucionální podporaNHU-C - PRVOUK-P23
    UT WOS000384852300011
    EID SCOPUS84959228820
    DOI10.1016/j.socec.2016.01.007
    AnotaceI investigate the relationship between attitudes towards ambiguity and the ability to reduce compound risks. The evidence from an experiment on adolescents shows that patterns identified in the previous literature are susceptible to experimental implementation and the characteristics of the subjects. Cognitive skills and the way lotteries are presented affect reduction of compound risks differently to ambiguity neutrality. My results suggest that theoretical studies which model ambiguity preferences by relaxing the assumption of compound risk reduction should be viewed with caution, and I add to the evidence against the use of compound lotteries to represent ambiguous environments in experiments.
    PracovištěNárodohospodářský ústav - CERGE
    KontaktTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Rok sběru2017