Comparing decisions under compound risk and ambiguity: the importance of cognitive skills
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F16%3A00462682" target="_blank" >RIV/67985998:_____/16:00462682 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/16:00468780
Result on the web
<a href="http://dx.doi.org/10.1016/j.socec.2016.01.007" target="_blank" >http://dx.doi.org/10.1016/j.socec.2016.01.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.socec.2016.01.007" target="_blank" >10.1016/j.socec.2016.01.007</a>
Alternative languages
Result language
angličtina
Original language name
Comparing decisions under compound risk and ambiguity: the importance of cognitive skills
Original language description
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. Cognitive skills and the way lotteries are presented affect reduction of compound risks differently to ambiguity neutrality. My results suggest that theoretical studies which model ambiguity preferences by relaxing the assumption of compound risk reduction should be viewed with caution, and I add to the evidence against the use of compound lotteries to represent ambiguous environments in experiments.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG130" target="_blank" >GBP402/12/G130: The relationships between skills, schooling and labor market outcomes: A longitudinal study</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Behavioral and Experimental Economics
ISSN
2214-8043
e-ISSN
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Volume of the periodical
64
Issue of the periodical within the volume
October
Country of publishing house
US - UNITED STATES
Number of pages
12
Pages from-to
94-105
UT code for WoS article
000384852300011
EID of the result in the Scopus database
2-s2.0-84959228820