Number of the records: 1
How certain is the uncertainty effect?
- 1.
SYSNO ASEP 0330718 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Ostatní články Title How certain is the uncertainty effect? Author(s) Rydval, Ondřej (NHU-N) RID
Ortmann, Andreas (NHU-N) RID
Prokosheva, S. (RU)
Hertwig, R. (CH)Source Title CERGE-EI Working Paper Series - ISSN 1211-3298
-, č. 385 (2009), s. 1-36Number 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 AV0Z70850503 - NHU-N (2005-2011) 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 Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2010
Number of the records: 1