Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment
نویسندگان
چکیده
منابع مشابه
Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment
We experimentally investigate in the laboratory two prominent mechanisms that are employed in school choice programs to assign students to public schools. We study how individual behavior is influenced by preference intensities and risk aversion. Our main results show that (a) the Gale–Shapley mechanism is more robust to changes in cardinal preferences than the Boston mechanism independently of...
متن کاملIndividual Choice and Risk Aversion in the Laboratory: A Reconsideration
Experimental methods have been used to examine individual choices for consistency with expected utility theory (EUT). However, previous designs have not accounted for an important free parameter in EUT, namely the risk attitude of the subject. Previous rejections of EUT may have been premature because plausible levels of risk aversion may result in low or zero opportunity costs of making decisi...
متن کاملEstimating Ambinguity Aversion in a Portfolio Choice Experiment Estimating Ambiguity Aversion in a Portfolio Choice Experiment *
We report a laboratory experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. We use two main specifications, a “kinked” specification that nests Maxmin Expected Utility, Choquet Expected Utility, αMaxmin Expected Utility, and Contraction Expected Utility and a “smooth” specification that nests the various theories referred to coll...
متن کاملA Tax and Redistribution Experiment with Subjects that Switch from Risk Aversion to Risk Preference
Benabou and Ok use expected utility to argue the prospect of upward mobility may cause majority rejection of redistributive taxes that benefit the majority. In paid computerized experiments subjects in a lower pay class exhibit risk preference but are risk averse in a higher class. This suggests behavior toward risk is not constant but depends on relative position. It is as if the reference poi...
متن کاملRisk Preference, Ambiguity Aversion and Technology Choice: Experimental and Survey Evidence from Peru
We combine experimental measures of risk and ambiguity preferences with a survey to predict the decisions of farmers to adopt new technology in rural Peru. We nd that preferences for ambiguity, but not risk, predict actual technology choices on the farm.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1592982