Počet záznamů: 1

Belief elicitation in experiments: is there a hedging problem?

  1. 1.
    0351609 - NHU-N 2011 RIV NL eng J - Článek v odborném periodiku
    Blanco, M. - Engelmann, Dirk - Koch, A. K. - Normann, H.-T.
    Belief elicitation in experiments: is there a hedging problem?.
    Experimental Economics. Roč. 13, č. 4 (2010), s. 412-438 ISSN 1386-4157
    Výzkumný záměr: CEZ:AV0Z70850503
    Klíčová slova: belief elicitation * hedging * experimental methodology
    Kód oboru RIV: AH - Ekonomie
    Impakt faktor: 1.868, rok: 2010

    Belief-elicitation experiments usually reward accuracy of stated beliefs in addition to payments for other decisions. But this allows risk-averse subjects to hedge with their stated beliefs against adverse outcomes of the other decisions. So can we trust the existing belief-elicitation results? And can we avoid potential hedging confounds? We propose an experimental design that theoretically eliminates hedging opportunities. Using this design, we test for the empirical relevance of hedging effects in the lab.
    Trvalý link: http://hdl.handle.net/11104/0191323