Essays on decision making under uncertainty

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F16%3A00459769" target="_blank" >RIV/67985998:_____/16:00459769 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Essays on decision making under uncertainty
Original language description
This thesis examines several aspects of decision making under uncertainty. In the first chapter, coauthored with Ondřej Rydval, Andreas Ortmann, and Ralph Hertwig, 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. In the second chapter, I investigate the relationship between attitudes towards ambiguity and the ability to reduce compound risks. The evidence from an experiment on adolescents shows that patterns identified in the previous literature are susceptible to experimental implementation and the characteristics of the subjects. In the third chapter, I review recent experimental studies on decision making under ambiguity and identify the main determinants related to intrinsic characteristics of a subject (static contexts) and related to interaction between a subject and ambiguous reality (dynamic contexts).
Czech name
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Czech description
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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