Testing dynamic consistency and consequentialism under ambiguity
Accounting for ambiguity aversion in dynamic decisions generally implies that either dynamic consistency or consequentialism must be given up. To gain insight into which of these principles better describes people's preferences we tested them using a variation of Ellsberg's three-color urn...
Gespeichert in:
| Hauptverfasser: | , , , , |
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Nottingham
CEDEX, Centre for Decision Research & Experimental Economics
November 2020
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| Schriftenreihe: | CeDEx discussion paper series
no. 2020, 17 |
| In: |
CEDEX discussion paper series (no. 2020, 17)
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| Schlagworte: | |
| Online-Zugang: | Verlag, kostenfrei: https://www.nottingham.ac.uk/cedex/documents/papers/cedex-discussion-paper-2020-17.pdf Verlag, kostenfrei: https://www.nottingham.ac.uk/cedex/news/papers/2020-17.aspx Resolving-System, kostenfrei: http://hdl.handle.net/10419/248289 |
| Verfasserangaben: | Han Bleichrodt, Jurgen Eichberger, Simon Grant, David Kelsey and Chen Li |
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