A dynamic Ellsberg urn experiment

被引：37

作者：

Dominiak, Adam ^{[1
]}

Duersch, Peter ^{[1
]}

Lefort, Jean-Philippe ^{[1
]}

机构：

[1] Heidelberg Univ, Dept Econ, D-69115 Heidelberg, Germany

来源：

GAMES AND ECONOMIC BEHAVIOR | 2012年 / 75卷 / 02期

关键词：

Non-expected utility preferences; Ambiguity; Updating; Dynamic consistency; Consequentialism; Experiment; AMBIGUITY AVERSION LITERATURE; EXPECTED UTILITY; CONSISTENCY; CHOICE; PREFERENCES; CONSEQUENTIALISM; PROBABILITIES; UNCERTAINTY;

D O I：

10.1016/j.geb.2012.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many theories of updating under ambiguity assume either dynamic consistency or consequentialism to underpin behaviorally the link between conditional and unconditional preferences. To test the descriptive validity of these rationality concepts, we conduct a dynamic extension of Ellsberg's 3-color experiment. We find that more subjects act in line with consequentialism than with dynamic consistency and that this result is even stronger among ambiguity averse subjects. (C) 2012 Elsevier Inc. All rights reserved.

引用

页码：625 / 638

页数：14

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