منابع مشابه
Randomization devices and the elicitation of ambiguity-averse preferences
In random incentive mechanisms agents choose from multiple problems and a randomization device selects a single problem to determine payment. Agents are assumed to act as if they faced each problem on its own. While this approach is valid when agents are expected utility maximizers, ambiguity-averse agents may use the randomization device to hedge and thereby contaminate the data.
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Random incentive mechanisms are an important tool of experimental economics. According to such mechanisms subjects are asked to choose from a variety of problems, but are paid according to only one randomly drawn problem. I show that subjects’ choices in random incentive mechanisms and single choice experiments are identical if they view the randomization device that determines the choice probl...
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Systems supporting decision making became almost inevitable in the modern complex world. Their efficiency depends on the sophisticated interfaces enabling a user take advantage of the support while respecting the increasing on-line information and incomplete, dynamically changing user’s preferences. The best decision making support is useless without the proper preference elicitation. The paper...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 2017
ISSN: 0895-5646,1573-0476
DOI: 10.1007/s11166-017-9256-0