Rydval, O. (CZ) Ortmann, A. (CZ) Prokosheva, Sasha (NHU-C) Hertwig, R. (CH)
Source Title
CERGE-EI Working Paper Series
- ISSN 1211-3298
-, č. 385 (2009), s. 1-36
Number of pages
36 s.
Publication form
www - www
Language
eng - English
Country
CZ - Czech Republic
Keywords
decision under risk ; framing ; experiments ; task ambiguity
Subject RIV
AH - Economics
CEZ
MSM0021620846 - NHU-C
Annotation
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery’s worse outcome. While the authors implemented a verbal lottery description, we use a physical lottery format which makes misinterpretation of the lottery structure highly unlikely.
Workplace
Economics Institute - CERGE
Contact
Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
Year of Publishing
2010
Number of the records: 1
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