Measuring ambiguity preferences: A new ambiguity preference module†
نویسندگان
چکیده
Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly and require a lot of time and administrative effort. This study develops an ambiguity preference survey module that can reliably measure ambiguity preferences when carrying out laboratory experiments is impractical, such as in large scale surveys or field studies. JEL Classification: C81, C83, C91, D81
منابع مشابه
Measuring ambiguity preferences
Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly and require a lot of time and administrative effort. This study develops an ambiguity preference survey module th...
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