Essays on decision making under uncertainty

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Essays on decision making under uncertainty

Popis výsledku v původním jazyce

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).

Název v anglickém jazyce

Essays on decision making under uncertainty

Popis výsledku anglicky

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).

Druh

O - Ostatní výsledky

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů