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John Hey

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. John Bone & John D Hey & John Suckling, 2007. "Do People Plan?," Discussion Papers 07/31, Department of Economics, University of York.

    Mentioned in:

    1. Many people do not plan ahead
      by Economic Logician in Economic Logic on 2009-11-06 21:59:00

Working papers

  1. Anna Conte & John D. Hey, 2018. "Rehabilitating the Random Utility Model. A comment on Apesteguia and Ballester (2018)," Discussion Papers 18/12, Department of Economics, University of York.

    Cited by:

    1. Watanabe, Masahide & Fujimi, Toshio, 2022. "Ambiguity of scientific probability predictions and willingness-to-pay for climate change mitigation policies," Research in Economics, Elsevier, vol. 76(4), pages 386-402.
    2. Kelsey Jack & Kathryn McDermott & Anja Sautmann, 2022. "Multiple Price Lists for Willingness to Pay Elicitation," NBER Working Papers 30433, National Bureau of Economic Research, Inc.
    3. Paolo Crosetto & Antonio Filippin, 2023. "Safe options and gender differences in risk attitudes," Post-Print hal-04152612, HAL.
    4. Duffy, Sean & Gussman, Steven & Smith, John, 2021. "Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    5. Anna Conte & Peter G Moffatt & Mary Riddel, 2019. "The Multivariate Random Preference Estimatorfor Switching Multiple Price List Data," University of East Anglia School of Economics Working Paper Series 2019-04, School of Economics, University of East Anglia, Norwich, UK..
    6. Kirchkamp, Oliver & Oechssler, Joerg & Sofianos, Andis, 2021. "The Binary Lottery Procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 348-369.

  2. Bayrak, Oben K. & Hey, John D., 2018. "Understanding Preference Imprecision," CERE Working Papers 2018:2, CERE - the Center for Environmental and Resource Economics, revised 28 Jan 2019.

    Cited by:

    1. Arie Beresteanu, 2021. "Identification of Incomplete Preferences," Working Paper 7145, Department of Economics, University of Pittsburgh.
    2. Oben K. Bayrak & John D. Hey, 2020. "Decisions under risk: Dispersion and skewness," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 1-24, August.
    3. Qiyan Ong & Jianying Qiu, 2023. "Paying for randomization and indecisiveness," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 45-72, August.

  3. Bayrak, Oben K. & Hey, John D., 2018. "Decisions under Risk Dispersion and Skewness," CERE Working Papers 2018:1, CERE - the Center for Environmental and Resource Economics, revised 12 Sep 2019.

    Cited by:

    1. Comeig, Irene & Holt, Charles & Jaramillo-Gutiérrez, Ainhoa, 2022. "Upside versus downside risk: Gender, stakes, and skewness," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 21-30.
    2. Bougherara, Douadia & Friesen, Lana & Nauges, Céline, 2020. "Risk Taking with Left- and Right-Skewed Lotteries," TSE Working Papers 20-1085, Toulouse School of Economics (TSE).
    3. Douadia Bougherara & Lana Friesen & Céline Nauges, 2021. "Risk Taking and Skewness Seeking Behavior in a Demographically Diverse Population," Discussion Papers Series 650, School of Economics, University of Queensland, Australia.
    4. Liqun Liu & Jack Meyer, 2021. "Stochastic superiority," Journal of Risk and Uncertainty, Springer, vol. 62(3), pages 225-246, June.
    5. Stefan Zeisberger, 2022. "Do people care about loss probabilities?," Journal of Risk and Uncertainty, Springer, vol. 65(2), pages 185-213, October.
    6. Qiyan Ong & Jianying Qiu, 2023. "Paying for randomization and indecisiveness," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 45-72, August.

  4. Bayrak, Oben K. & Hey, John D., 2015. "Preference Cloud Theory: Imprecise Preferences and Preference Reversals," CERE Working Papers 2015:9, CERE - the Center for Environmental and Resource Economics.

    Cited by:

    1. Qiyan Ong & Jianying Qiu, 2023. "Paying for randomization and indecisiveness," Journal of Risk and Uncertainty, Springer, vol. 67(1), pages 45-72, August.

  5. Enrica Carbone & Xueqi Dong & John Hey, 2015. "Portfolio Choice Under Ambiguity," Discussion Papers 15/03, Department of Economics, University of York.

    Cited by:

    1. Jim Engle-Warnick & Diego Pulido & Marine de Montaignac, 2016. "Trust, ambiguity, and financial decision-making," CIRANO Working Papers 2016s-44, CIRANO.

  6. Anna Conte & John D. Hey & Ivan Soraperra, 2014. "The Determinants of Decision Time," Jena Economics Research Papers 2014-004, Friedrich-Schiller-University Jena.

    Cited by:

    1. Clithero, John A., 2018. "Response times in economics: Looking through the lens of sequential sampling models," Journal of Economic Psychology, Elsevier, vol. 69(C), pages 61-86.

  7. John Bone & Paolo Crosetto & John D. Hey & Carmen Pasca, 2013. "Change versus choice: eliciting attitudes to fair compensations," Jena Economics Research Papers 2013-029, Friedrich-Schiller-University Jena.

    Cited by:

    1. Becchetti Leonardo & Solferino Nazaria & Antoni Giacomo Degli & Ottone Stefania, 2018. "Performance, Luck and Equality: An Experimental Analysis of Subjects’ Preferences for Different Allocation Criteria," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(1), pages 1-14, January.

  8. Ana Conte & John D. Hey, 2012. "Assessing Multiple Prior Models of Behaviour under Ambiguity," Jena Economics Research Papers 2011-068, Friedrich-Schiller-University Jena.

    Cited by:

    1. Ert, Eyal & T. Trautmann, Stefan, 2012. "Sampling Experience Reverses Preferences for Ambiguity," Discussion Papers 164346, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    2. Peter John Robinson & W.J.W. Botzen & F. Zhou, 2019. "An experimental study of charity hazard: The effect of risky and ambiguous government compensation on flood insurance demand," Working Papers 19-19, Utrecht School of Economics.
    3. Watanabe, Masahide & Fujimi, Toshio, 2022. "Ambiguity of scientific probability predictions and willingness-to-pay for climate change mitigation policies," Research in Economics, Elsevier, vol. 76(4), pages 386-402.
    4. Hippolyte d'Albis & Giuseppe Attanasi & Emmanuel Thibault, 2019. "An Experimental Test of the Under-Annuitization Puzzle with Smooth Ambiguity and Charitable Giving," Working Papers halshs-02132858, HAL.
    5. Ali al-Nowaihi & Sanjit Dhami, 2016. "The Ellsberg paradox: A challenge to quantum decision theory?," Discussion Papers in Economics 16/08, Division of Economics, School of Business, University of Leicester.
    6. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    7. Prokosheva, Sasha, 2016. "Comparing decisions under compound risk and ambiguity: The importance of cognitive skills," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 64(C), pages 94-105.
    8. Smith, Robert Elliott, 2016. "Idealizations of Uncertainty, and Lessons from Artificial Intelligence," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-40.
    9. Robin Cubitt & Gijs van de Kuilen & Sujoy Mukerji, 2020. "Discriminating Between Models of Ambiguity Attitude: a Qualitative Test," Journal of the European Economic Association, European Economic Association, vol. 18(2), pages 708-749.
    10. Attanasi, Giuseppe Marco & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," IDEI Working Papers 744, Institut d'Économie Industrielle (IDEI), Toulouse.
    11. L. A. Franzoni, 2016. "Optimal liability design under risk and ambiguity," Working Papers wp1048, Dipartimento Scienze Economiche, Universita' di Bologna.
    12. Huang, Yi-Chieh & Tzeng, Larry Y. & Zhao, Lin, 2015. "Comparative ambiguity aversion and downside ambiguity aversion," Insurance: Mathematics and Economics, Elsevier, vol. 62(C), pages 257-269.
    13. Anna Conte & M. Vittoria Levati, 2011. "Use of data on planned contributions and stated beliefs in the measurement of social preferences," Jena Economics Research Papers 2011-039, Friedrich-Schiller-University Jena.
    14. Tsang, Ming, 2020. "Estimating uncertainty aversion using the source method in stylized tasks with varying degrees of uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 84(C).
    15. Bortolotti, Stefania & Soraperra, Ivan & Sutter, Matthias & Zoller, Claudia, 2017. "Too Lucky to Be True: Fairness Views under the Shadow of Cheating," IZA Discussion Papers 10877, Institute of Labor Economics (IZA).
    16. Anna Conte & Gianmarco Santis & John D. Hey & Ivan Soraperra, 2023. "The determinants of decision time in an ambiguous context," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 271-297, December.
    17. Nartea, Gilbert V. & Bai, Hengyu & Wu, Ji, 2020. "Investor sentiment and the economic policy uncertainty premium," Pacific-Basin Finance Journal, Elsevier, vol. 64(C).
    18. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    19. Ali al-Nowaihi & Sanjit Dhami & Mengxing Wei, 2018. "Quantum Decision Theory and the Ellsberg Paradox," CESifo Working Paper Series 7158, CESifo.
    20. Anna Conte & John D. Hey & Ivan Soraperra, 2014. "The Determinants of Decision Time," Jena Economics Research Papers 2014-004, Friedrich-Schiller-University Jena.
    21. Hudson, Paul & Botzen, W.J. Wouter & Feyen, Luc & Aerts, Jeroen C.J.H., 2016. "Incentivising flood risk adaptation through risk based insurance premiums: Trade-offs between affordability and risk reduction," Ecological Economics, Elsevier, vol. 125(C), pages 1-13.
    22. Bali, Turan G. & Brown, Stephen J. & Tang, Yi, 2017. "Is economic uncertainty priced in the cross-section of stock returns?," Journal of Financial Economics, Elsevier, vol. 126(3), pages 471-489.
    23. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.
    24. Stephen Dimmock & Roy Kouwenberg & Olivia Mitchell & Kim Peijnenburg, 2015. "Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 219-244, December.
    25. Anna Conte & Marco Scarsini & Oktay Sürücü, 2014. "An Experimental Investigation into Queueing Behavior," Jena Economics Research Papers 2014-030, Friedrich-Schiller-University Jena.

  9. Noemi Pace & John D Hey, 2011. "The Explanatory and Predictive Power of Non Two-Stage-Probability Theories of Decision Making Under Ambiguity," Working Papers 2011_12, Department of Economics, University of Venice "Ca' Foscari".

    Cited by:

    1. Konstantinos Georgalos, 2019. "An experimental test of the predictive power of dynamic ambiguity models," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 51-83, August.
    2. Crosetto, Paolo & Filippin, Antonio, 2017. "Safe Options Induce Gender Differences in Risk Attitudes," IZA Discussion Papers 10793, Institute of Labor Economics (IZA).
    3. Anna Conte & John Hey, 2013. "Assessing multiple prior models of behaviour under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 113-132, April.
    4. Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
    5. Echenique, Federico & Imai, Taisuke & Saito, Kota, 2019. "Decision Making under Uncertainty: An Experimental Study in Market Settings," Rationality and Competition Discussion Paper Series 197, CRC TRR 190 Rationality and Competition.
    6. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    7. Paolo Crosetto & Antonio Filippin, 2023. "Safe options and gender differences in risk attitudes," Post-Print hal-04152612, HAL.
    8. Robson, Matthew, 2021. "Inequality aversion, self-interest and social connectedness," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 744-772.
    9. Federico Echenique, 2019. "New developments in revealed preference theory: decisions under risk, uncertainty, and intertemporal choice," Papers 1908.07561, arXiv.org, revised Dec 2019.
    10. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    11. Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2015. "The ambiguity triangle: uncovering fundamental patterns of behavior under uncertainty," ECON - Working Papers 196, Department of Economics - University of Zurich.
    12. Attanasi, Giuseppe Marco & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," IDEI Working Papers 744, Institut d'Économie Industrielle (IDEI), Toulouse.
    13. Daniela Di Cagno & Daniela Grieco, 2019. "Measuring and Disentangling Ambiguity and Confidence in the Lab," Games, MDPI, vol. 10(1), pages 1-22, February.
    14. Yu Gao & Zhenxing Huang & Ning Liu & Jia Yang, 2024. "Are physicians rational under ambiguity?," Journal of Risk and Uncertainty, Springer, vol. 68(2), pages 183-203, April.
    15. John D. Hey & Yudistira Permana & Nuttaporn Rochanahastin, 2018. "When and how to satisfice: an experimental investigation," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 5, pages 121-137, World Scientific Publishing Co. Pte. Ltd..
    16. Tsang, Ming, 2020. "Estimating uncertainty aversion using the source method in stylized tasks with varying degrees of uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 84(C).
    17. Christian A. Vossler & Dong Yan, 2019. "An Experimental Investigation of Updating under Ambiguity," Working Papers 2019-02, University of Tennessee, Department of Economics.
    18. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    19. Thomas Demuynck & Clément Staner, 2020. "An Efficient Revealed Preference Test for the Maxmin Expected Utility Model," Working Papers ECARES 2020-31, ULB -- Universite Libre de Bruxelles.
    20. Tsang, Ming, 2022. "Risk perception in an endogenous information environment," Research in Economics, Elsevier, vol. 76(4), pages 355-372.
    21. Rocco Caferra & John D. Hey & Andrea Morone & Marco Santorsola, 2023. "Dynamic inconsistency under ambiguity: An experiment," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 215-238, December.
    22. Enrica Carbone & Xueqi Dong & John Hey, 2017. "Elicitation of preferences under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 54(2), pages 87-102, April.
    23. Michele Garagnani, 2023. "The predictive power of risk elicitation tasks," Journal of Risk and Uncertainty, Springer, vol. 67(2), pages 165-192, October.
    24. Takashi Hayashi & Ryoko Wada, 2022. "Comparative risk and ambiguity aversion: an experimental approach," KIER Working Papers 1079, Kyoto University, Institute of Economic Research.
    25. Pawel Dziewulski, 2021. "A comprehensive revealed preference approach to approximate utility maximisation," Working Paper Series 0621, Department of Economics, University of Sussex Business School.
    26. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.
    27. Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2020. "The uncertainty triangle – Uncovering heterogeneity in attitudes towards uncertainty," Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 125-156, April.

  10. Tibor Neugebauer & John Hey & Carmen Pasca, 2010. "Georges-Louis Leclerc de Buffon’s‘Essays on Moral Arithmetic’," LSF Research Working Paper Series 10-06, Luxembourg School of Finance, University of Luxembourg.

    Cited by:

    1. Tibor Neugebauer, 2010. "Moral Impossibility in the Petersburg Paradox : A Literature Survey and Experimental Evidence," LSF Research Working Paper Series 10-14, Luxembourg School of Finance, University of Luxembourg.
    2. Robert William, Vivian, 2013. "Ending the myth of the St Petersburg paradox," MPRA Paper 50515, University Library of Munich, Germany.

  11. John D Hey & Gianna Lotito & Anna Maffioletti, 2008. "The Descriptive and Predictive Adequacy of Theories of Decision Making Under Uncertainty/Ambiguity," Discussion Papers 08/04, Department of Economics, University of York.

    Cited by:

    1. Ola Andersson & Håkan J. Holm & Jean-Robert Tyran & Erik Wengström, 2013. "Risk aversion relates to cognitive ability: Fact or Fiction?," Discussion Papers 13-10, University of Copenhagen. Department of Economics.
    2. Natalia Shestakova, 2010. "Pricing Scheme Choice: How Process Affects Outcome," CERGE-EI Working Papers wp411, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Gertsman, Gleb, 2023. "Behavioral preferences and beliefs in asset pricing," Other publications TiSEM c7196596-1bf8-47c9-a147-6, Tilburg University, School of Economics and Management.
    4. Yves Breitmoser, 2021. "Controlling for presentation effects in choice," Quantitative Economics, Econometric Society, vol. 12(1), pages 251-281, January.
    5. John Hey & Noemi Pace, 2014. "The explanatory and predictive power of non two-stage-probability theories of decision making under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 49(1), pages 1-29, August.
    6. Johanna Etner & Meglena Jeleva & Jean-Marc Tallon, 2009. "Decision theory under uncertainty," Documents de travail du Centre d'Economie de la Sorbonne 09064, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised Nov 2009.
    7. Richard J. Arend, 2020. "Strategic decision-making under ambiguity: a new problem space and a proposed optimization approach," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1231-1251, November.
    8. Meimei Wang & Steffen Flessa, 2020. "Modelling Covid-19 under uncertainty: what can we expect?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 21(5), pages 665-668, July.
    9. Dlugosch, Dennis & Horn, Kristian & Wang, Mei, 2023. "New experimental evidence on the relationship between home bias, ambiguity aversion and familiarity heuristics," Journal of Economics and Business, Elsevier, vol. 125.
    10. Konstantinos Georgalos, 2019. "An experimental test of the predictive power of dynamic ambiguity models," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 51-83, August.
    11. Ola Andersson & H�kan J. Holm & Jean-Robert Tyran & Erik Wengström, 2018. "Robust Inference in Risk Elicitation Tasks," Discussion Papers 18-09, University of Copenhagen. Department of Economics.
    12. Di Caro, Paolo, 2014. "Risk, ambiguity and sovereign rating," MPRA Paper 60295, University Library of Munich, Germany.
    13. Anna Conte & John Hey, 2013. "Assessing multiple prior models of behaviour under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 113-132, April.
    14. Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
    15. Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2011. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," PSE-Ecole d'économie de Paris (Postprint) halshs-00502820, HAL.
    16. Paul Ruud & Daniel Schunk & Joachim Winter, 2014. "Uncertainty causes rounding: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 17(3), pages 391-413, September.
    17. David Ahn & Syngjoo Choi & Douglas Gale & Shachar Kariv, 2014. "Estimating ambiguity aversion in a portfolio choice experiment," Quantitative Economics, Econometric Society, vol. 5, pages 195-223, July.
    18. Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
    19. Baillon, Aurélien & Bleichrodt, Han & Li, Chen & Wakker, Peter P., 2021. "Belief hedges: Measuring ambiguity for all events and all models," Journal of Economic Theory, Elsevier, vol. 198(C).
    20. Giuseppe Attanasi & Aldo Montesano, 2012. "The price for information about probabilities and its relation with risk and ambiguity," Theory and Decision, Springer, vol. 73(1), pages 125-160, July.
    21. Andreas C. Drichoutis & Varvara Kechagia, 2016. "The effect of olfactory sensory cues on economic decision making," Working Papers 2016-4, Agricultural University of Athens, Department Of Agricultural Economics.
    22. Ken Binmore & Lisa Stewart & Alex Voorhoeve, 2012. "How much ambiguity aversion?," Journal of Risk and Uncertainty, Springer, vol. 45(3), pages 215-238, December.
    23. Ali al-Nowaihi & Sanjit Dhami, 2016. "The Ellsberg paradox: A challenge to quantum decision theory?," Discussion Papers in Economics 16/08, Division of Economics, School of Business, University of Leicester.
    24. Astrid Dannenberg & Andreas Löschel & Gabriele Paolacci & Christiane Reif & Alessandro Tavoni, 2015. "On the Provision of Public Goods with Probabilistic and Ambiguous Thresholds," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(3), pages 365-383, July.
    25. Mohammed Abdellaoui & Peter Klibanoff & Laetitia Placido, 2015. "Experiments on compound risk in relation to simple risk and to ambiguity," PSE-Ecole d'économie de Paris (Postprint) hal-01301618, HAL.
    26. Brice Corgnet & Roberto Hernán-Gonzalez & Praveen Kujal, 2018. "On Booms That Never Bust: Ambiguity in Experimental Asset Markets with Bubbles," Working Papers halshs-01898435, HAL.
    27. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    28. Winkler, Jens & Kuklinski, Christian Paul Jian-Wei & Moser, Roger, 2015. "Decision making in emerging markets: The Delphi approach's contribution to coping with uncertainty and equivocality," Journal of Business Research, Elsevier, vol. 68(5), pages 1118-1126.
    29. Driouchi, Tarik & So, Raymond H.Y. & Trigeorgis, Lenos, 2020. "Investor ambiguity, systemic banking risk and economic activity: The case of too-big-to-fail," Journal of Corporate Finance, Elsevier, vol. 62(C).
    30. Qiu, Jianying & Weitzel, Utz, 2013. "Experimental Evidence on Valuation and Learning with Multiple Priors," MPRA Paper 43974, University Library of Munich, Germany.
    31. Prokosheva, Sasha, 2016. "Comparing decisions under compound risk and ambiguity: The importance of cognitive skills," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 64(C), pages 94-105.
    32. Gijs van de Kuilen & Peter P. Wakker, 2011. "The Midweight Method to Measure Attitudes Toward Risk and Ambiguity," Management Science, INFORMS, vol. 57(3), pages 582-598, March.
    33. Drichoutis, Andreas C. & Nayga, Rodolfo M., 2022. "Game form recognition in preference elicitation, cognitive abilities, and cognitive load," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 49-65.
    34. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.
    35. Bolle, Friedel & Breitmoser, Yves & Otto, Philipp E., 2011. "A positive theory of cooperative games: The logit core and its variants," MPRA Paper 32918, University Library of Munich, Germany.
    36. Liu, Shuang & Hurley, Michael & Lowell, Kim E. & Siddique, Abu-Baker M. & Diggle, Art & Cook, David C., 2011. "An integrated decision-support approach in prioritizing risks of non-indigenous species in the face of high uncertainty," Ecological Economics, Elsevier, vol. 70(11), pages 1924-1930, September.
    37. Sasha Prokosheva, 2014. "Comparing Decisions under Compound Risk and Ambiguity: The Importance of Cognitive Skills," CERGE-EI Working Papers wp525, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    38. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    39. Laure Cabantous & Denis Hilton & Howard Kunreuther & Erwann Michel-Kerjan, 2010. "Is Imprecise Knowledge Better than Conflicting Expertise? Evidence from Insurers’ Decisions in the United States," ICBBR Working Papers 7, International Centre for Behavioural Business Research.
    40. Breitmoser, Yves, 2017. "Discrete Choice with Presentation Effects," Rationality and Competition Discussion Paper Series 35, CRC TRR 190 Rationality and Competition.
    41. Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2015. "The ambiguity triangle: uncovering fundamental patterns of behavior under uncertainty," ECON - Working Papers 196, Department of Economics - University of Zurich.
    42. Mark J. Machina, 2014. "Ambiguity Aversion with Three or More Outcomes," American Economic Review, American Economic Association, vol. 104(12), pages 3814-3840, December.
    43. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    44. Attanasi, Giuseppe Marco & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," IDEI Working Papers 744, Institut d'Économie Industrielle (IDEI), Toulouse.
    45. Daniela Di Cagno & Daniela Grieco, 2019. "Measuring and Disentangling Ambiguity and Confidence in the Lab," Games, MDPI, vol. 10(1), pages 1-22, February.
    46. Breitmoser, Yves, 2015. "Knowing me, imagining you: Projection and overbidding in auctions," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113160, Verein für Socialpolitik / German Economic Association.
    47. Ronald Klingebiel & Feibai Zhu, 2023. "Ambiguity aversion and the degree of ambiguity," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 299-324, December.
    48. Breitmoser, Yves & Vorjohann, Pauline, 2022. "Fairness-based Altruism," Center for Mathematical Economics Working Papers 666, Center for Mathematical Economics, Bielefeld University.
    49. John D. Hey & Yudistira Permana & Nuttaporn Rochanahastin, 2018. "When and how to satisfice: an experimental investigation," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 5, pages 121-137, World Scientific Publishing Co. Pte. Ltd..
    50. Breitmoser, Yves, 2017. "Knowing Me, Imagining You:," Rationality and Competition Discussion Paper Series 36, CRC TRR 190 Rationality and Competition.
    51. Adam Dominiak & Wendelin Schnedler, 2011. "Attitudes toward uncertainty and randomization: an experimental study," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 289-312, October.
    52. Huber, Jürgen & Kirchler, Michael & Stefan, Matthias, 2014. "Experimental evidence on varying uncertainty and skewness in laboratory double-auction markets," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 798-809.
    53. Dominiak, Adam & Duersch, Peter, 2015. "Benevolent and Malevolent Ellsberg Games," Working Papers 0592, University of Heidelberg, Department of Economics.
    54. Breitmoser, Yves, 2016. "Stochastic choice, systematic mistakes and preference estimation," MPRA Paper 72779, University Library of Munich, Germany.
    55. Müller, Julia & Li, Zhihua & Wakker, Peter P. & Wang, Tong V., 2016. "The Rich Domain of Ambiguity Explored," VfS Annual Conference 2016 (Augsburg): Demographic Change 145734, Verein für Socialpolitik / German Economic Association.
    56. Breitmoser, Yves & Vorjohann, Pauline, 2018. "Welfare-Based Altruism," Rationality and Competition Discussion Paper Series 89, CRC TRR 190 Rationality and Competition.
    57. Hela Maafi, 2011. "Preference Reversals Under Ambiguity," Management Science, INFORMS, vol. 57(11), pages 2054-2066, November.
    58. Jianying Qiu & Utz Weitzel, 2016. "Experimental evidence on valuation with multiple priors," Journal of Risk and Uncertainty, Springer, vol. 53(1), pages 55-74, August.
    59. Oechssler, Jörg & Roomets, Alex, 2014. "A Test of Mechanical Ambiguity," Working Papers 0555, University of Heidelberg, Department of Economics.
    60. Christian A. Vossler & Dong Yan, 2019. "An Experimental Investigation of Updating under Ambiguity," Working Papers 2019-02, University of Tennessee, Department of Economics.
    61. Ivan Moscati, 2022. "Behavioral and heuristic models are as-if models too — and that’s ok," BAFFI CAREFIN Working Papers 22177, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    62. Szép, Teodóra & van Cranenburgh, Sander & Chorus, Caspar G., 2022. "Decision Field Theory: Equivalence with probit models and guidance for identifiability," Journal of choice modelling, Elsevier, vol. 45(C).
    63. Steffen Andersen & John Fountain & Glenn Harrison & Arne Hole & E. Rutström, 2012. "Inferring beliefs as subjectively imprecise probabilities," Theory and Decision, Springer, vol. 73(1), pages 161-184, July.
    64. Ali al-Nowaihi & Sanjit Dhami & Mengxing Wei, 2018. "Quantum Decision Theory and the Ellsberg Paradox," CESifo Working Paper Series 7158, CESifo.
    65. Blavatskyy, Pavlo, 2018. "Fechner’s strong utility model for choice among n>2 alternatives: Risky lotteries, Savage acts, and intertemporal payoffs," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 75-82.
    66. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.
    67. Rocco Caferra & John D. Hey & Andrea Morone & Marco Santorsola, 2023. "Dynamic inconsistency under ambiguity: An experiment," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 215-238, December.
    68. David Butler & Andrea Isoni & Graham Loomes, 2012. "Testing the ‘standard’ model of stochastic choice under risk," Journal of Risk and Uncertainty, Springer, vol. 45(3), pages 191-213, December.
    69. Schnedler, Wendelin & Dominiak, Adam, 2008. "Uncertainty aversion and preference for randomization," Papers 08-39, Sonderforschungsbreich 504.
    70. Hancock, Thomas O. & Hess, Stephane & Choudhury, Charisma F., 2018. "Decision field theory: Improvements to current methodology and comparisons with standard choice modelling techniques," Transportation Research Part B: Methodological, Elsevier, vol. 107(C), pages 18-40.
    71. Steffen Flessa & Dominik Dietz & Elisabete Weiderpass, 2016. "Health policy support under extreme uncertainty: the case of cervical cancer in Cambodia," EURO Journal on Decision Processes, Springer;EURO - The Association of European Operational Research Societies, vol. 4(3), pages 183-218, November.
    72. Kettlewell, Nathan & Tymula, Agnieszka & Yoo, Hong Il, 2023. "The Heritability of Economic Preferences," IZA Discussion Papers 16633, Institute of Labor Economics (IZA).
    73. Brenner, Menachem & Izhakian, Yehuda, 2018. "Asset pricing and ambiguity: Empirical evidence⁎," Journal of Financial Economics, Elsevier, vol. 130(3), pages 503-531.
    74. Matthew Ryan, 2018. "Uncertainty and binary stochastic choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 629-662, May.
    75. Driouchi, Tarik & Trigeorgis, Lenos & So, Raymond H.Y., 2020. "Individual antecedents of real options appraisal: The role of national culture and ambiguity," European Journal of Operational Research, Elsevier, vol. 286(3), pages 1018-1032.
    76. Peter P. Wakker, 2023. "The correct formula of 1979 prospect theory for multiple outcomes," Theory and Decision, Springer, vol. 94(2), pages 183-187, February.
    77. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.
    78. Stephen Dimmock & Roy Kouwenberg & Olivia Mitchell & Kim Peijnenburg, 2015. "Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 219-244, December.
    79. Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2020. "The uncertainty triangle – Uncovering heterogeneity in attitudes towards uncertainty," Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 125-156, April.

  12. Tibor Neugebauer & John D. Hey & K Sadrieh, 2008. "An Experimental Analysis of Optimal Renewable Resource Management: The Fishery," LSF Research Working Paper Series 08-10, Luxembourg School of Finance, University of Luxembourg.

    Cited by:

    1. Schnier, Kurt Erik, 2009. "Spatial externalities and the common-pool resource mechanism," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 402-415, May.
    2. László Á. Kóczy, 2018. "Partition Function Form Games," Theory and Decision Library C, Springer, number 978-3-319-69841-0, March.
    3. Anmina Murielle Djiguemde & Dimitri Dubois & Alexandre Sauquet & Mabel Tidball, 2021. "Continuous versus Discrete Time in Dynamic Common Pool Resource Game Experiments," Working Papers hal-03214973, HAL.
    4. Selles Jules & Bonhommeau Sylvain & Guillotreau Patrice & Vallée Thomas, 2020. "Can the Threat of Economic Sanctions Ensure the Sustainability of International Fisheries? An Experiment of a Dynamic Non-cooperative CPR Game with Uncertain Tipping Point," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(1), pages 153-176, May.
    5. Fijnanda van Klingeren, 2020. "Playing nice in the sandbox: On the role of heterogeneity, trust and cooperation in common-pool resources," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-36, August.
    6. Gerlinde Fellner & Magdalena Margreiter & Nuria Oses Eraso, 2003. "When the past is present – The ratchet effect in the local commons," Papers on Strategic Interaction 2003-23, Max Planck Institute of Economics, Strategic Interaction Group.
    7. Frank P. Maier-Rigaud & Jose Apesteguia, 2004. "The Role of Rivalry. Public Goods versus Common-Pool Resources," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2004_2, Max Planck Institute for Research on Collective Goods.
    8. Murielle Djiguemde & Dimitri Dubois & Alexandre Sauquet & Mabel Tidball, 2019. "On the modeling and testing of groundwater resource models," Working Papers hal-02316729, HAL.
    9. Anabela Botelho & Ariel Dinar & Lígia Costa Pinto & Amnon Rapoport, 2014. "Time and uncertainty in resource dilemmas: equilibrium solutions and experimental results," Experimental Economics, Springer;Economic Science Association, vol. 17(4), pages 649-672, December.
    10. Anderson, Christopher M. & Sutinen, Jon G., 2006. "The effect of initial lease periods on price discovery in laboratory tradable fishing allowance markets," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 164-180, October.
    11. Carlos E. Jijena Michel & Javier Perote & José D. Vicente-Lorente, 2018. "Efficiency and Sustainability in Teamwork: The Role of Entry Costs," Sustainability, MDPI, vol. 10(7), pages 1-19, July.
    12. Murielle Djiguemde, 2020. "A survey on dynamic common pool resources : theory and experiment," Working Papers hal-03022377, HAL.
    13. Murielle Djiguemde, 2020. "A survey on dynamic common pool resources : theory and experiment," CEE-M Working Papers hal-03022377, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    14. Schnier, Kurt E. & Anderson, Christopher M., 2006. "Decision making in patchy resource environments: Spatial misperception of bioeconomic models," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 234-254, October.
    15. Wisdom Akpalu, 2013. "Foreign Aid and Sustainable Fisheries Management in Sub-Saharan Africa," WIDER Working Paper Series wp-2013-100, World Institute for Development Economic Research (UNU-WIDER).
    16. Nuria Osés-Eraso & Montserrat Viladrich-Grau, 2011. "The sustainability of the commons: giving and receiving," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 458-481, November.

  13. John D Hey & Gianna Lotito & Anna Maffioletti, 2007. "Choquet OK?," Discussion Papers 07/12, Department of Economics, University of York.

    Cited by:

    1. Olivier L'Haridon & Laetitia Placido, 2008. "Betting on Machina's reflection example : an Experiment on Ambiguity," Working Papers hal-00580032, HAL.
    2. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.

  14. Hey, John Denis & Morone, Andrea & Schmidt, Ulrich, 2007. "Noise and bias in eliciting preferences," Kiel Working Papers 1386, Kiel Institute for the World Economy (IfW Kiel).

    Cited by:

    1. Tamás Csermely & Alexander Rabas, 2016. "How to reveal people’s preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 107-136, December.
    2. Miller, Nolan & Wagner, Alexander Florian & Zeckhauser, Richard Jay, 2012. "Solomonic Separation: Risk Decisions as Productivity Indicators," Scholarly Articles 9946786, Harvard Kennedy School of Government.
    3. Morone, Andrea & Schmidt, Ulrich, 2003. "An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data," Hannover Economic Papers (HEP) dp-280, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    4. Menkhoff, Lukas & Sakha, Sahra, 2017. "Estimating risky behavior with multiple-item risk measures," Journal of Economic Psychology, Elsevier, vol. 59(C), pages 59-86.
    5. Johannes G. Jaspersen & Vijay Aseervatham, 2017. "The Influence of Affect on Heuristic Thinking in Insurance Demand," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 84(1), pages 239-266, March.
    6. Arthur E. Attema & Werner B.F. Brouwer, 2014. "Deriving Time Discounting Correction Factors For Tto Tariffs," Health Economics, John Wiley & Sons, Ltd., vol. 23(4), pages 410-425, April.
    7. Yao Thibaut Kpegli & Brice Corgnet & Adam Zylbersztejn, 2020. "All at Once! A Comprehensive and Tractable Semi-Parametric Method to Elicit Prospect Theory Components," Working Papers halshs-03016517, HAL.
    8. Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Paper Series 542, University of Wisconsin, Agricultural and Applied Economics.
    9. Lienert, Judit & Duygan, Mert & Zheng, Jun, 2016. "Preference stability over time with multiple elicitation methods to support wastewater infrastructure decision-making," European Journal of Operational Research, Elsevier, vol. 253(3), pages 746-760.
    10. Pan He & Marcella Veronesi & Stefanie Engel, 2016. "Consistency of Risk Preference Measures and the Role of Ambiguity: An Artefactual Field Experiment from China," Working Papers 03/2016, University of Verona, Department of Economics.
    11. Ozlem Ozdemir & Andrea Morone, 2012. "Black Swan Protection: an Experimental Investigation," Working Papers 2012/12, Economics Department, Universitat Jaume I, Castellón (Spain).
    12. Alexia Gaudeul, 2013. "Social preferences under uncertainty," Jena Economics Research Papers 2013-024, Friedrich-Schiller-University Jena.
    13. Holden, Stein T. & Tilahun, Mesfin, 2023. "Numeracy Skills, Decision Errors, and Risk Preference Estimation," CLTS Working Papers 5/23, Norwegian University of Life Sciences, Centre for Land Tenure Studies.
    14. Gürdal, Mehmet Y. & Kuzubaş, Tolga U. & Saltoğlu, Burak, 2017. "Measures of individual risk attitudes and portfolio choice: Evidence from pension participants," Journal of Economic Psychology, Elsevier, vol. 62(C), pages 186-203.
    15. Chaikal Nuryakin & Alistair Munro, 2019. "Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro," The Japanese Economic Review, Japanese Economic Association, vol. 70(2), pages 168-188, June.
    16. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2022. "Measuring strategic-uncertainty attitudes," CEPA Discussion Papers 54, Center for Economic Policy Analysis.
    17. Andrea Morone & Piergiuseppe Morone, 2012. "Are small groups Expected Utility?," Working Papers 2012/08, Economics Department, Universitat Jaume I, Castellón (Spain).
    18. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
    19. Jan-Erik Lönnqvist & Markku Verkasalo & Gari Walkowitz & Philipp C. Wichardt, 2011. "Measuring Individual Risk Attitudes in the Lab: Task or Ask?: An Empirical Comparison," SOEPpapers on Multidisciplinary Panel Data Research 370, DIW Berlin, The German Socio-Economic Panel (SOEP).
    20. Gilberto Montibeller & Detlof von Winterfeldt, 2015. "Cognitive and Motivational Biases in Decision and Risk Analysis," Risk Analysis, John Wiley & Sons, vol. 35(7), pages 1230-1251, July.
    21. David J. Freeman & Guy Mayraz, 2019. "Why choice lists increase risk taking," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 131-154, March.
    22. Morone, Andrea & Temerario, Tiziana, 2015. "Eliciting Preferences Over Risk: An Experiment," MPRA Paper 68519, University Library of Munich, Germany.
    23. W. Viscusi & Owen Phillips & Stephan Kroll, 2011. "Risky investment decisions: How are individuals influenced by their groups?," Journal of Risk and Uncertainty, Springer, vol. 43(2), pages 81-106, October.
    24. Lisa Anderson & Jennifer Mellor, 2009. "Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 137-160, October.
    25. Benjamin L. Collier & Daniel Schwartz & Howard C. Kunreuther & Erwann O. Michel-Kerjan, 2017. "Risk Preferences in Small and Large Stakes: Evidence from Insurance Contract Decisions," NBER Working Papers 23579, National Bureau of Economic Research, Inc.
    26. Attema, Arthur E. & Brouwer, Werner B.F., 2012. "A test of independence of discounting from quality of life," Journal of Health Economics, Elsevier, vol. 31(1), pages 22-34.
    27. Fabien Perez & Guillaume Hollard & Radu Vranceanu, 2021. "How serious is the measurement-error problem in risk-aversion tasks?," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 319-342, December.
    28. Menkhoff, Lukas & Sakha, Sahra, 2014. "Multiple-item risk measures," Kiel Working Papers 1980, Kiel Institute for the World Economy (IfW Kiel).
    29. Johannes G. Jaspersen, 2016. "Hypothetical Surveys And Experimental Studies Of Insurance Demand: A Review," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 217-255, January.
    30. Holzmeister, Felix & Stefan, Matthias, 2019. "The Risk Elicitation Puzzle Revisited: Across-Methods (In)consistency?," OSF Preprints pj9u2, Center for Open Science.
    31. Lönnqvist, Jan-Erik & Verkasalo, Markku & Walkowitz, Gari & Wichardt, Philipp C., 2015. "Measuring individual risk attitudes in the lab: Task or ask? An empirical comparison," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 254-266.
    32. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    33. Rollins, Kimberly S. & Kobayashi, Mimako, 2010. "Embedding a Field Experiment in Contingent Valuation to Measure Context-Dependent Risk Preferences: An Application to Wildfire Risk," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61870, Agricultural and Applied Economics Association.
    34. Kontek, Krzysztof, 2010. "Classifying Behaviors in Risky Choices," MPRA Paper 23845, University Library of Munich, Germany.
    35. Fabien Perez & Guillaume Hollard & Radu Vranceanu & Delphine Dubart, 2019. "How Serious is the Measurement-Error Problem in a Popular Risk-Aversion Task?," Working Papers hal-02291224, HAL.
    36. Jason L. Brown & Patrick R. Martin & Geoffrey B. Sprinkle & Dan Way, 2023. "How Return on Investment and Residual Income Performance Measures and Risk Preferences Affect Risk-Taking," Management Science, INFORMS, vol. 69(2), pages 1301-1322, February.
    37. Kavitha Ranganathan, 2018. "Does Global Shapes Of Utility Functions Matter For Investment Decisions?," Bulletin of Economic Research, Wiley Blackwell, vol. 70(4), pages 341-361, October.
    38. Felix Holzmeister & Matthias Stefan, 2019. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Working Papers 2019-19, Faculty of Economics and Statistics, Universität Innsbruck.
    39. Schmidt, Ulrich & Trautmann, Stefan T., 2010. "Common consequence effects with pricing data," Kiel Working Papers 1610, Kiel Institute for the World Economy (IfW Kiel).
    40. Gary Charness & Catherine Eckel & Uri Gneezy & Agne Kajackaite, 2018. "Complexity in risk elicitation may affect the conclusions: A demonstration using gender differences," Journal of Risk and Uncertainty, Springer, vol. 56(1), pages 1-17, February.
    41. Pham, Huong Dien & Liebenehm,Sabine & Waibel, Hermann, 2017. "Experimentally validated general risk attitude among different ethnic groups in Vietnam," TVSEP Working Papers wp-004, Leibniz Universitaet Hannover, Institute of Development and Agricultural Economics, Project TVSEP.
    42. Ozlem Ozdemir & Andrea Morone, 2014. "An experimental investigation of insurance decisions in low probability and high loss risk situations," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 53-67, April.
    43. Meroz, Yael & Morone, Andrea & Morone, Piergiuseppe, 2009. "Eliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment," MPRA Paper 17107, University Library of Munich, Germany.
    44. Zonna, Davide, 2016. "Sprechi di cibo e tentativi di riduzione. Un caso sperimentale [Avoiding food waste. A field experiment]," MPRA Paper 76097, University Library of Munich, Germany.
    45. Aseervatham, Vijay & Jaspersen, Johannes G. & Richter, Andreas, 2015. "The affection effect in an incentive compatible insurance demand experiment," Economics Letters, Elsevier, vol. 131(C), pages 34-37.
    46. Felix Holzmeister & Matthias Stefan, 2021. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Experimental Economics, Springer;Economic Science Association, vol. 24(2), pages 593-616, June.
    47. Kontek, Krzysztof, 2010. "Multi-Outcome Lotteries: Prospect Theory vs. Relative Utility," MPRA Paper 22947, University Library of Munich, Germany.
    48. Uwe Dulleck & Jacob Fell & Jonas Fooken, 2011. "Within-subject Intra- and Inter-method consistency of two experimental risk attitude elicitation," NCER Working Paper Series 74, National Centre for Econometric Research.
    49. Argyris, Nikolaos & French, Simon, 2017. "Nuclear emergency decision support: A behavioural OR perspective," European Journal of Operational Research, Elsevier, vol. 262(1), pages 180-193.
    50. Annamaria Fiore & M. Vittoria Levati & Andrea Morone, 2006. "Voluntary contributions with imperfect information: An experimental study," Papers on Strategic Interaction 2006-30, Max Planck Institute of Economics, Strategic Interaction Group.
    51. Jose Apesteguia & Miguel Angel Ballester, 2014. "Discrete Choice Estimation of Risk Aversion," Working Papers 788, Barcelona School of Economics.
    52. Holden , Stein T. & Tilahun , Mesfin, 2019. "The Devil is in the Details: Risk Preferences, Choice List Design, and Measurement Error," CLTS Working Papers 3/19, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 16 Oct 2019.
    53. Temerario, Tiziana, 2014. "Individual and Group Behaviour Toward Risk: A Short Survey," MPRA Paper 58079, University Library of Munich, Germany.
    54. A. Morone & P. Morone, 2014. "Estimating individual and group preference functionals using experimental data," Theory and Decision, Springer, vol. 77(3), pages 403-422, October.

  15. Anna Conte & John D Hey & Peter G Moffatt, 2007. "Mixture Models of Choice Under Risk," Discussion Papers 07/06, Department of Economics, University of York.

    Cited by:

    1. Vadym Lepetyuk & Christian A. Stoltenberg, 2012. "Reconciling consumption inequality with income inequality," Working Papers. Serie AD 2012-19, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    2. Duffy, Sean & Smith, John, 2020. "An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?," MPRA Paper 99417, University Library of Munich, Germany.
    3. Dale O. Stahl, 2019. "A Bayesian Method for Characterizing Population Heterogeneity," Games, MDPI, vol. 10(4), pages 1-12, October.
    4. Georgalos, Konstantinos & Paya, Ivan & Peel, David A., 2021. "On the contribution of the Markowitz model of utility to explain risky choice in experimental research," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 527-543.
    5. Anna Conte & John Hey, 2013. "Assessing multiple prior models of behaviour under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 113-132, April.
    6. Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Paper Series 542, University of Wisconsin, Agricultural and Applied Economics.
    7. Amrei Lahno & Marta Serra-Garcia, 2015. "Peer effects in risk taking: Envy or conformity?," Journal of Risk and Uncertainty, Springer, vol. 50(1), pages 73-95, February.
    8. Goette, Lorenz & Bruhin, Adrian & Haenni, Simon & Jiang, Lingqing, 2015. "Spillovers of Prosocial Motivation: Evidence from an Intervention Study on Blood Donors," CEPR Discussion Papers 10345, C.E.P.R. Discussion Papers.
    9. Anna Conte & Peter G. Moffatt & Fabrizio Botti & Daniela T. Di Cagno & Carlo d'Ippoliti, 2011. "A Test of the Rational Expectations Hypothesis using data from a Natural Experiment," Post-Print hal-00718703, HAL.
    10. Ferdinand M. Vieider, 2018. "Violence and Risk Preference: Experimental Evidence from Afghanistan: Comment," American Economic Review, American Economic Association, vol. 108(8), pages 2366-2382, August.
    11. Anna Conte & Peter Moffatt, 2014. "The econometric modelling of social preferences," Theory and Decision, Springer, vol. 76(1), pages 119-145, January.
    12. Alam, Jessica & Georgalos, Konstantinos & Rolls, Harrison, 2022. "Risk preferences, gender effects and Bayesian econometrics," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 168-183.
    13. Francesco Fallucchi & Andrea Mercatanti & Jan Niederreiter, 2021. "Identifying types in contest experiments," International Journal of Game Theory, Springer;Game Theory Society, vol. 50(1), pages 39-61, March.
    14. Andre Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, uncertainty and discrete choice models," Marketing Letters, Springer, vol. 19(3), pages 269-285, December.
      • André de Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, Uncertainty and Discrete Choice Models," THEMA Working Papers 2008-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    15. Helga Fehr-Duda & Adrian Bruhin & Thomas Epper & Renate Schubert, 2010. "Rationality on the rise: Why relative risk aversion increases with stake size," Journal of Risk and Uncertainty, Springer, vol. 40(2), pages 147-180, April.
    16. Thomas Meissner & David Albrecht, 2022. "Debt Aversion: Theory and Measurement," Papers 2207.07538, arXiv.org, revised Jul 2022.
    17. Adrian Bruhin & Maha Manai & Luis Santos-Pinto, 2019. "Risk and Rationality:The Relative Importance of Probability Weighting and Choice Set Dependence," Cahiers de Recherches Economiques du Département d'économie 19.05, Université de Lausanne, Faculté des HEC, Département d’économie.
    18. von Gaudecker, H.M. & van Soest, A.H.O. & Wengstrom, E., 2009. "Heterogeneity in Risky Choice Behavior in a Broad Population," Discussion Paper 2009-12, Tilburg University, Center for Economic Research.
    19. Lahno, Amrei M. & Serra-Garcia, Marta, 2012. "Peer Effects in Risk Taking," Discussion Papers in Economics 14309, University of Munich, Department of Economics.
    20. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
    21. Konstantinos Georgalos & Ivan Paya & David Peel, 2023. "Higher order risk attitudes: new model insights and heterogeneity of preferences," Experimental Economics, Springer;Economic Science Association, vol. 26(1), pages 145-192, March.
    22. Königsheim, C. & Lukas, M. & Nöth, M., 2019. "Salience theory: Calibration and heterogeneity in probability distortion," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 477-495.
    23. Etilé, Fabrice & Frijters, Paul & Johnston, David W. & Shields, Michael A., 2021. "Measuring resilience to major life events," LSE Research Online Documents on Economics 112526, London School of Economics and Political Science, LSE Library.
    24. Friedel Bolle & Yves Breitmoser & Steffen Schlächter, 2011. "Extortion in the laboratory," Post-Print hal-00989521, HAL.
    25. Duffy, Sean & Gussman, Steven & Smith, John, 2021. "Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    26. Fehr, Ernst & Epper, Thomas & Senn, Julien, 2023. "The Fundamental Properties, Stability and Predictive Power of Distributional Preferences," IZA Discussion Papers 16535, Institute of Labor Economics (IZA).
    27. Kairies-Schwarz, Nadja & Kokot, Johanna & Vomhof, Markus & Weßling, Jens, 2017. "Health insurance choice and risk preferences under cumulative prospect theory – an experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 374-397.
    28. M. Pelé & M. Broihanne & B. Thierry & J. Call & V. Dufour, 2014. "To bet or not to bet? Decision-making under risk in non-human primates," Journal of Risk and Uncertainty, Springer, vol. 49(2), pages 141-166, October.
    29. Konstantinos Georgalos & Nathan Nabil, 2023. "Heuristics Unveiled," Working Papers 400814162, Lancaster University Management School, Economics Department.
    30. Hajimoladarvish , Narges, 2021. "Explaining Heterogeneity in Risk Preferences Using a Finite Mixture Model," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(4), pages 533-554, December.
    31. Johannes G. Jaspersen, 2016. "Hypothetical Surveys And Experimental Studies Of Insurance Demand: A Review," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 217-255, January.
    32. Bolle, Friedel & Breitmoser, Yves & Otto, Philipp E., 2011. "A positive theory of cooperative games: The logit core and its variants," MPRA Paper 32918, University Library of Munich, Germany.
    33. Luís Santos-Pinto & Adrian Bruhin & José Mata & Thomas Åstebro, 2015. "Detecting heterogeneous risk attitudes with mixed gambles," Theory and Decision, Springer, vol. 79(4), pages 573-600, December.
    34. Anna Conte & Peter G Moffatt & Mary Riddel, 2019. "The Multivariate Random Preference Estimatorfor Switching Multiple Price List Data," University of East Anglia School of Economics Working Paper Series 2019-04, School of Economics, University of East Anglia, Norwich, UK..
    35. Amrei M. Lahno & Marta Serra-Garcia, 2012. "Peer Effects in Risk Taking," CESifo Working Paper Series 4057, CESifo.
    36. Andreas C Drichoutis & Jayson L Lusk, 2014. "Judging Statistical Models of Individual Decision Making under Risk Using In- and Out-of-Sample Criteria," PLOS ONE, Public Library of Science, vol. 9(7), pages 1-13, July.
    37. Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2015. "The ambiguity triangle: uncovering fundamental patterns of behavior under uncertainty," ECON - Working Papers 196, Department of Economics - University of Zurich.
    38. Duffy, Sean & Gussman, Steven & Smith, John, 2019. "Judgments of length in the economics laboratory: Are there brains in choice?," MPRA Paper 93126, University Library of Munich, Germany.
    39. Grimalda, Gianluca & Farina, Francesco & Schmidt, Ulrich, 2018. "Preferences for redistribution in the US, Italy, Norway: An experiment study," Kiel Working Papers 2099, Kiel Institute for the World Economy (IfW Kiel).
    40. Ryan O. Murphy & Robert H. W. ten Brincke, 2018. "Hierarchical Maximum Likelihood Parameter Estimation for Cumulative Prospect Theory: Improving the Reliability of Individual Risk Parameter Estimates," Management Science, INFORMS, vol. 64(1), pages 308-328, January.
    41. Glenn Harrison & E. Rutström, 2009. "Expected utility theory and prospect theory: one wedding and a decent funeral," Experimental Economics, Springer;Economic Science Association, vol. 12(2), pages 133-158, June.
    42. Jin Yan & Hong Il Yoo, 2017. "Semiparametric Estimation of the Random Utility Model with Rank-Ordered Choice Data," Working Papers 2017_02, Durham University Business School.
    43. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    44. Descamps, Ambroise & Massoni, Sébastien & Page, Lionel, 2021. "Learning to hesitate," SocArXiv 6fa5q, Center for Open Science.
    45. Jan Niederreiter, 2023. "Broadening Economics in the Era of Artificial Intelligence and Experimental Evidence," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 265-294, March.
    46. Fehr, Ernst & Schmidt, Klaus M., 2009. "On Inequity Aversion - A Reply to Binmore and Shaked," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 256, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    47. Carlos Alós-Ferrer & Maximilian Mihm, 2021. "Updating stochastic choice," ECON - Working Papers 381, Department of Economics - University of Zurich.
    48. Alina Ferecatu & Ayse Önçüler, 2016. "Heterogeneous risk and time preferences," Journal of Risk and Uncertainty, Springer, vol. 53(1), pages 1-28, August.
    49. Alós-Ferrer, Carlos & Garagnani, Michele, 2022. "The gradual nature of economic errors," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 55-66.
    50. Fezzi, Carlo & Menapace, Luisa & Raffaelli, Roberta, 2021. "Estimating risk preferences integrating insurance choices with subjective beliefs," European Economic Review, Elsevier, vol. 135(C).
    51. Ferdinand Vieider & Thorsten Chmura & Tyler Fisher & Takao Kusakawa & Peter Martinsson & Frauke Mattison Thompson & Adewara Sunday, 2015. "Within- versus between-country differences in risk attitudes: implications for cultural comparisons," Theory and Decision, Springer, vol. 78(2), pages 209-218, February.
    52. Daniel Cavagnaro & Mark Pitt & Richard Gonzalez & Jay Myung, 2013. "Discriminating among probability weighting functions using adaptive design optimization," Journal of Risk and Uncertainty, Springer, vol. 47(3), pages 255-289, December.
    53. Breitmoser, Yves, 2010. "Structural modeling of altruistic giving," MPRA Paper 24262, University Library of Munich, Germany.
    54. Michael S. Hand & Matthew J. Wibbenmeyer & David E. Calkin & Matthew P. Thompson, 2015. "Risk Preferences, Probability Weighting, and Strategy Tradeoffs in Wildfire Management," Risk Analysis, John Wiley & Sons, vol. 35(10), pages 1876-1891, October.
    55. Glenn W. Harrison & Andre Hofmeyr & Don Ross & J. Todd Swarthout, 2018. "Risk Preferences, Time Preferences, and Smoking Behavior," Southern Economic Journal, John Wiley & Sons, vol. 85(2), pages 313-348, October.
    56. Iain P. Embrey, 2020. "States of nature and states of mind: a generalized theory of decision-making," Theory and Decision, Springer, vol. 88(1), pages 5-35, February.
    57. Kelvin Balcombe & Iain Fraser, 2015. "Parametric preference functionals under risk in the gain domain: A Bayesian analysis," Journal of Risk and Uncertainty, Springer, vol. 50(2), pages 161-187, April.
    58. Michele Garagnani, 2023. "The predictive power of risk elicitation tasks," Journal of Risk and Uncertainty, Springer, vol. 67(2), pages 165-192, October.
    59. Alós-Ferrer, Carlos & Garagnani, Michele, 2021. "Choice consistency and strength of preference," Economics Letters, Elsevier, vol. 198(C).
    60. Graham Loomes & Simone Blackburn, 2014. "Towards a more complex model of risky choice," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 4, pages 73-98, Edward Elgar Publishing.
    61. James R. Bland & Yaroslav Rosokha, 2021. "Learning under uncertainty with multiple priors: experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 62(2), pages 157-176, April.
    62. Giuseppe Attanasi & Laura Concina & Caroline Kamaté & Valentina Rotondi, 2020. "Firm’s protection against disasters: are investment and insurance substitutes or complements?," Theory and Decision, Springer, vol. 88(1), pages 121-151, February.
    63. Ferdinand Vieider, 2016. "Certainty Preference, Random Choice, and Loss Aversion: A Comment on "Violence and Risk Preference: Experimental Evidence from Afghanistan"," Economics Discussion Papers em-dp2016-06, Department of Economics, University of Reading.
    64. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier L'Haridon & Author-Name: Chen Li, 2013. "Learning under ambiguity: An experiment using initial public offerings on a stock market," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201331, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    65. David Alan Peel & David Law, 2017. "Loss Aversion And Ruinous Optimal Wagers In Cumulative Prospect Theory," Economics Bulletin, AccessEcon, vol. 37(1), pages 352-360.
    66. Franz Buscha & Anna Conte, 2014. "The Impact of Truancy on Educational Attainment during Compulsory Schooling: a Bivariate Ordered Probit Estimator with Mixed Effects," Manchester School, University of Manchester, vol. 82(1), pages 103-127, January.
    67. Bruhin, Adrian & Janizzi, Kelly & Thöni, Christian, 2020. "Uncovering the heterogeneity behind cross-cultural variation in antisocial punishment," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 291-308.
    68. Friedel Bolle & Yves Breitmoser & Jana Heimel & Claudia Vogel, 2012. "Multiple motives of pro-social behavior: evidence from the solidarity game," Theory and Decision, Springer, vol. 72(3), pages 303-321, March.
    69. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    70. Don Ross, 2011. "Neuroeconomics and Economic Methodology," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 4, Edward Elgar Publishing.
    71. James R. Bland, 2019. "Measuring and Comparing Two Kinds of Rationalizable Opportunity Cost in Mixture Models," Games, MDPI, vol. 11(1), pages 1-27, December.
    72. Anna Conte & Werner Güth & Paul Pezanis-Christou, 2017. "More Money vs More Certainty? Behaviour in Stochastic Alternating-Offer Experiments," School of Economics and Public Policy Working Papers 2017-06, University of Adelaide, School of Economics and Public Policy.
    73. Kairies-Schwarz, Nadja & Kokot, Johanna & Vomhof, Markus & Wessling, Jens, 2014. "How Do Consumers Choose Health Insurance? – An Experiment on Heterogeneity in Attribute Tastes and Risk Preferences," Ruhr Economic Papers 537, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    74. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.
    75. Mary Riddel, 2012. "Comparing risk preferences over financial and environmental lotteries," Journal of Risk and Uncertainty, Springer, vol. 45(2), pages 135-157, October.
    76. Anna Conte & Werner Güth & Paul Pezanis-Christou, 2023. "Strategic ambiguity and risk in alternating pie-sharing experiments," Journal of Risk and Uncertainty, Springer, vol. 66(3), pages 233-260, June.
    77. Mitra, Atul & Jenkins, G. Douglas & Gupta, Nina & Shaw, Jason D., 2015. "The utility of pay raises/cuts: A simulation experimental study," Journal of Economic Psychology, Elsevier, vol. 49(C), pages 150-166.

  16. Hey, John Denis & Morone, Andrea & Schmidt, Ulrich, 2007. "Noise and bias in eliciting preferences," Kiel Working Papers 1386, Kiel Institute for the World Economy (IfW Kiel).

    Cited by:

    1. Tamás Csermely & Alexander Rabas, 2016. "How to reveal people’s preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 107-136, December.
    2. Miller, Nolan & Wagner, Alexander Florian & Zeckhauser, Richard Jay, 2012. "Solomonic Separation: Risk Decisions as Productivity Indicators," Scholarly Articles 9946786, Harvard Kennedy School of Government.
    3. Morone, Andrea & Schmidt, Ulrich, 2003. "An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data," Hannover Economic Papers (HEP) dp-280, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    4. Menkhoff, Lukas & Sakha, Sahra, 2017. "Estimating risky behavior with multiple-item risk measures," Journal of Economic Psychology, Elsevier, vol. 59(C), pages 59-86.
    5. Johannes G. Jaspersen & Vijay Aseervatham, 2017. "The Influence of Affect on Heuristic Thinking in Insurance Demand," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 84(1), pages 239-266, March.
    6. Arthur E. Attema & Werner B.F. Brouwer, 2014. "Deriving Time Discounting Correction Factors For Tto Tariffs," Health Economics, John Wiley & Sons, Ltd., vol. 23(4), pages 410-425, April.
    7. Yao Thibaut Kpegli & Brice Corgnet & Adam Zylbersztejn, 2020. "All at Once! A Comprehensive and Tractable Semi-Parametric Method to Elicit Prospect Theory Components," Working Papers halshs-03016517, HAL.
    8. Galarza, Francisco B., 2009. "Choices under Risk in Rural Peru," Staff Paper Series 542, University of Wisconsin, Agricultural and Applied Economics.
    9. Lienert, Judit & Duygan, Mert & Zheng, Jun, 2016. "Preference stability over time with multiple elicitation methods to support wastewater infrastructure decision-making," European Journal of Operational Research, Elsevier, vol. 253(3), pages 746-760.
    10. Pan He & Marcella Veronesi & Stefanie Engel, 2016. "Consistency of Risk Preference Measures and the Role of Ambiguity: An Artefactual Field Experiment from China," Working Papers 03/2016, University of Verona, Department of Economics.
    11. Ozlem Ozdemir & Andrea Morone, 2012. "Black Swan Protection: an Experimental Investigation," Working Papers 2012/12, Economics Department, Universitat Jaume I, Castellón (Spain).
    12. Alexia Gaudeul, 2013. "Social preferences under uncertainty," Jena Economics Research Papers 2013-024, Friedrich-Schiller-University Jena.
    13. Holden, Stein T. & Tilahun, Mesfin, 2023. "Numeracy Skills, Decision Errors, and Risk Preference Estimation," CLTS Working Papers 5/23, Norwegian University of Life Sciences, Centre for Land Tenure Studies.
    14. Gürdal, Mehmet Y. & Kuzubaş, Tolga U. & Saltoğlu, Burak, 2017. "Measures of individual risk attitudes and portfolio choice: Evidence from pension participants," Journal of Economic Psychology, Elsevier, vol. 62(C), pages 186-203.
    15. Chaikal Nuryakin & Alistair Munro, 2019. "Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro," The Japanese Economic Review, Japanese Economic Association, vol. 70(2), pages 168-188, June.
    16. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2022. "Measuring strategic-uncertainty attitudes," CEPA Discussion Papers 54, Center for Economic Policy Analysis.
    17. Andrea Morone & Piergiuseppe Morone, 2012. "Are small groups Expected Utility?," Working Papers 2012/08, Economics Department, Universitat Jaume I, Castellón (Spain).
    18. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
    19. Jan-Erik Lönnqvist & Markku Verkasalo & Gari Walkowitz & Philipp C. Wichardt, 2011. "Measuring Individual Risk Attitudes in the Lab: Task or Ask?: An Empirical Comparison," SOEPpapers on Multidisciplinary Panel Data Research 370, DIW Berlin, The German Socio-Economic Panel (SOEP).
    20. Gilberto Montibeller & Detlof von Winterfeldt, 2015. "Cognitive and Motivational Biases in Decision and Risk Analysis," Risk Analysis, John Wiley & Sons, vol. 35(7), pages 1230-1251, July.
    21. David J. Freeman & Guy Mayraz, 2019. "Why choice lists increase risk taking," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 131-154, March.
    22. Morone, Andrea & Temerario, Tiziana, 2015. "Eliciting Preferences Over Risk: An Experiment," MPRA Paper 68519, University Library of Munich, Germany.
    23. W. Viscusi & Owen Phillips & Stephan Kroll, 2011. "Risky investment decisions: How are individuals influenced by their groups?," Journal of Risk and Uncertainty, Springer, vol. 43(2), pages 81-106, October.
    24. Lisa Anderson & Jennifer Mellor, 2009. "Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 137-160, October.
    25. Benjamin L. Collier & Daniel Schwartz & Howard C. Kunreuther & Erwann O. Michel-Kerjan, 2017. "Risk Preferences in Small and Large Stakes: Evidence from Insurance Contract Decisions," NBER Working Papers 23579, National Bureau of Economic Research, Inc.
    26. Attema, Arthur E. & Brouwer, Werner B.F., 2012. "A test of independence of discounting from quality of life," Journal of Health Economics, Elsevier, vol. 31(1), pages 22-34.
    27. Fabien Perez & Guillaume Hollard & Radu Vranceanu, 2021. "How serious is the measurement-error problem in risk-aversion tasks?," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 319-342, December.
    28. Menkhoff, Lukas & Sakha, Sahra, 2014. "Multiple-item risk measures," Kiel Working Papers 1980, Kiel Institute for the World Economy (IfW Kiel).
    29. Johannes G. Jaspersen, 2016. "Hypothetical Surveys And Experimental Studies Of Insurance Demand: A Review," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 217-255, January.
    30. Holzmeister, Felix & Stefan, Matthias, 2019. "The Risk Elicitation Puzzle Revisited: Across-Methods (In)consistency?," OSF Preprints pj9u2, Center for Open Science.
    31. Lönnqvist, Jan-Erik & Verkasalo, Markku & Walkowitz, Gari & Wichardt, Philipp C., 2015. "Measuring individual risk attitudes in the lab: Task or ask? An empirical comparison," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 254-266.
    32. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    33. Rollins, Kimberly S. & Kobayashi, Mimako, 2010. "Embedding a Field Experiment in Contingent Valuation to Measure Context-Dependent Risk Preferences: An Application to Wildfire Risk," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61870, Agricultural and Applied Economics Association.
    34. Kontek, Krzysztof, 2010. "Classifying Behaviors in Risky Choices," MPRA Paper 23845, University Library of Munich, Germany.
    35. Fabien Perez & Guillaume Hollard & Radu Vranceanu & Delphine Dubart, 2019. "How Serious is the Measurement-Error Problem in a Popular Risk-Aversion Task?," Working Papers hal-02291224, HAL.
    36. Jason L. Brown & Patrick R. Martin & Geoffrey B. Sprinkle & Dan Way, 2023. "How Return on Investment and Residual Income Performance Measures and Risk Preferences Affect Risk-Taking," Management Science, INFORMS, vol. 69(2), pages 1301-1322, February.
    37. Kavitha Ranganathan, 2018. "Does Global Shapes Of Utility Functions Matter For Investment Decisions?," Bulletin of Economic Research, Wiley Blackwell, vol. 70(4), pages 341-361, October.
    38. Felix Holzmeister & Matthias Stefan, 2019. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Working Papers 2019-19, Faculty of Economics and Statistics, Universität Innsbruck.
    39. Schmidt, Ulrich & Trautmann, Stefan T., 2010. "Common consequence effects with pricing data," Kiel Working Papers 1610, Kiel Institute for the World Economy (IfW Kiel).
    40. Gary Charness & Catherine Eckel & Uri Gneezy & Agne Kajackaite, 2018. "Complexity in risk elicitation may affect the conclusions: A demonstration using gender differences," Journal of Risk and Uncertainty, Springer, vol. 56(1), pages 1-17, February.
    41. Pham, Huong Dien & Liebenehm,Sabine & Waibel, Hermann, 2017. "Experimentally validated general risk attitude among different ethnic groups in Vietnam," TVSEP Working Papers wp-004, Leibniz Universitaet Hannover, Institute of Development and Agricultural Economics, Project TVSEP.
    42. Ozlem Ozdemir & Andrea Morone, 2014. "An experimental investigation of insurance decisions in low probability and high loss risk situations," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 53-67, April.
    43. Meroz, Yael & Morone, Andrea & Morone, Piergiuseppe, 2009. "Eliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment," MPRA Paper 17107, University Library of Munich, Germany.
    44. Zonna, Davide, 2016. "Sprechi di cibo e tentativi di riduzione. Un caso sperimentale [Avoiding food waste. A field experiment]," MPRA Paper 76097, University Library of Munich, Germany.
    45. Aseervatham, Vijay & Jaspersen, Johannes G. & Richter, Andreas, 2015. "The affection effect in an incentive compatible insurance demand experiment," Economics Letters, Elsevier, vol. 131(C), pages 34-37.
    46. Felix Holzmeister & Matthias Stefan, 2021. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Experimental Economics, Springer;Economic Science Association, vol. 24(2), pages 593-616, June.
    47. Kontek, Krzysztof, 2010. "Multi-Outcome Lotteries: Prospect Theory vs. Relative Utility," MPRA Paper 22947, University Library of Munich, Germany.
    48. Uwe Dulleck & Jacob Fell & Jonas Fooken, 2011. "Within-subject Intra- and Inter-method consistency of two experimental risk attitude elicitation," NCER Working Paper Series 74, National Centre for Econometric Research.
    49. Argyris, Nikolaos & French, Simon, 2017. "Nuclear emergency decision support: A behavioural OR perspective," European Journal of Operational Research, Elsevier, vol. 262(1), pages 180-193.
    50. Annamaria Fiore & M. Vittoria Levati & Andrea Morone, 2006. "Voluntary contributions with imperfect information: An experimental study," Papers on Strategic Interaction 2006-30, Max Planck Institute of Economics, Strategic Interaction Group.
    51. Jose Apesteguia & Miguel Angel Ballester, 2014. "Discrete Choice Estimation of Risk Aversion," Working Papers 788, Barcelona School of Economics.
    52. Holden , Stein T. & Tilahun , Mesfin, 2019. "The Devil is in the Details: Risk Preferences, Choice List Design, and Measurement Error," CLTS Working Papers 3/19, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 16 Oct 2019.
    53. Temerario, Tiziana, 2014. "Individual and Group Behaviour Toward Risk: A Short Survey," MPRA Paper 58079, University Library of Munich, Germany.
    54. A. Morone & P. Morone, 2014. "Estimating individual and group preference functionals using experimental data," Theory and Decision, Springer, vol. 77(3), pages 403-422, October.

  17. Ricardo Gonçalves & John D Hey, 2007. "Experimental Evidence on English Auctions: Oral Outcry vs. Clock," Discussion Papers 07/09, Department of Economics, University of York.

    Cited by:

    1. Gonçalves, Ricardo, 2008. "Irrationality in English auctions," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 180-192, July.

  18. John D Hey & Gianna Lotito, 2007. "Naïve, Resolute or Sophisticated? A Study of Dynamic Decision Making," Discussion Papers 07/03, Department of Economics, University of York.

    Cited by:

    1. Jang-Ting Guo & Alan Krause, 2014. "Dynamic Nonlinear Income Taxation with Quasi-Hyperbolic Discounting and No Commitment," Working Papers 201415, University of California at Riverside, Department of Economics.
    2. Robert Nuscheler & Kerstin Roeder, 2014. "To Vaccinate or to Procrastinate? That is the Prevention Question," Working Papers 14C004, Canadian Centre for Health Economics.
    3. Martin Eling & Michael Kochanski, 2013. "Research on lapse in life insurance: what has been done and what needs to be done?," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 14(4), pages 392-413, August.
    4. Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
    5. Jinrui Pan & Craig Webb & Horst Zank, 2013. "Discounting the Subjective Present and Future," Economics Discussion Paper Series 1305, Economics, The University of Manchester.
    6. Aronsson, Thomas & Sjögren, Tomas, 2011. "Tax Policy and Present-Biased Preferences: Paternalism under International Capital Mobility," Umeå Economic Studies 833, Umeå University, Department of Economics.
    7. Antoine Nebout & Marc Willinger, 2014. "Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence," Working Papers 14-08, LAMETA, Universtiy of Montpellier, revised Jul 2014.
    8. Aronsson, Thomas & Granlund, David, 2010. "Present-Biased Preferences and Publicly Provided Health Care," HUI Working Papers 41, HUI Research.
    9. Chen, An & Hentschel, Felix & Steffensen, Mogens, 2021. "On retirement time decision making," Insurance: Mathematics and Economics, Elsevier, vol. 100(C), pages 107-129.
    10. John D. Hey & Luca Panaccione, 2018. "Dynamic decision making: what do people do?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 10, pages 235-273, World Scientific Publishing Co. Pte. Ltd..
    11. A. Nebout, 2014. "Sequential decision making without independence: a new conceptual approach," Theory and Decision, Springer, vol. 77(1), pages 85-110, June.
    12. Charles F. Manski, 2017. "Optimize, satisfice, or choose without deliberation? A simple minimax-regret assessment," Theory and Decision, Springer, vol. 83(2), pages 155-173, August.
    13. He, Lin & Liang, Zongxia & Song, Yilun & Ye, Qi, 2022. "Optimal asset allocation, consumption and retirement time with the variation in habitual persistence," Insurance: Mathematics and Economics, Elsevier, vol. 102(C), pages 188-202.
    14. Pan, Jinrui & Webb, Craig S. & Zank, Horst, 2015. "An extension of quasi-hyperbolic discounting to continuous time," Games and Economic Behavior, Elsevier, vol. 89(C), pages 43-55.
    15. Keith Coble & Jayson Lusk, 2010. "At the nexus of risk and time preferences: An experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 67-79, August.
    16. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    17. Kirill Borissov, 2011. "Growth and Distribution in a Model with Endogenous Time Peferences and Borrowing Constraints," DEGIT Conference Papers c016_073, DEGIT, Dynamics, Economic Growth, and International Trade.
    18. Davide Radi & Laura Gardini, 2023. "Ambiguity aversion as a route to randomness in a duopoly game," Papers 2311.11366, arXiv.org.
    19. Lin He & Zongxia Liang & Yilun Song & Qi Ye, 2021. "Optimal Retirement Time and Consumption with the Variation in Habitual Persistence," Papers 2103.16800, arXiv.org.
    20. Aronsson, Thomas & Sjögren, Tomas, 2016. "Quasi-hyperbolic discounting, paternalism and optimal mixed taxation," Mathematical Social Sciences, Elsevier, vol. 84(C), pages 24-36.
    21. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    22. Thomas Aronsson & Clemens Hetschko & Ronnie Schöb, 2020. "Globalization, Time-Preferences, and Populist Voting," CESifo Working Paper Series 8466, CESifo.
    23. Chen, An & Hieber, Peter & Rach, Manuel, 2021. "Optimal retirement products under subjective mortality beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 101(PA), pages 55-69.
    24. Hammond, Peter J. & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," Economic Research Papers 270426, University of Warwick - Department of Economics.

  19. John Bone & John D Hey & John Suckling, 2006. "Do People Plan?," Discussion Papers 06/22, Department of Economics, University of York, revised Jul 2007.

    Cited by:

    1. Dal Bó, Ernesto & Dal Bó, Pedro & Eyster, Erik, 2018. "The demand for bad policy when voters underappreciate equilibrium effects," LSE Research Online Documents on Economics 74455, London School of Economics and Political Science, LSE Library.
    2. Klor, Esteban F. & Kube, Sebastian & Winter, Eyal & Zultan, Ro'i, 2011. "Can Higher Bonuses Lead to Less Effort? Incentive Reversal in Teams," IZA Discussion Papers 5501, Institute of Labor Economics (IZA).
    3. Ondrej Rydval, & Andreas Ortmann & Michal Ostatnicky, 2008. "Three Very Simple Games and What It Takes to Solve Them," CERGE-EI Working Papers wp347, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    4. Brown, Alexander L. & Van Essen, Matt, 2022. "Breaking-up should not be hard to do! Designing contracts to avoid wars of attrition," European Economic Review, Elsevier, vol. 143(C).
    5. Bault, Nadège & Fahrenfort, Johannes J. & Pelloux, Benjamin & Ridderinkhof, K. Richard & van Winden, Frans, 2017. "An affective social tie mechanism: Theory, evidence, and implications," Journal of Economic Psychology, Elsevier, vol. 61(C), pages 152-175.
    6. De Donder, Philippe & Anesi, Vincent, 2008. "Secondary Issues and Party Politics: An Application to Environmental Policy," CEPR Discussion Papers 6774, C.E.P.R. Discussion Papers.
    7. Anna Conte & M. Vittoria Levati, 2011. "Use of data on planned contributions and stated beliefs in the measurement of social preferences," Jena Economics Research Papers 2011-039, Friedrich-Schiller-University Jena.
    8. van Winden, Frans, 2015. "Political economy with affect: On the role of emotions and relationships in political economics," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 298-311.
    9. Aidas Masiliunas, 2016. "Overcoming Coordination Failure in a Critical Mass Game: Strategic Motives and Action Disclosure," AMSE Working Papers 1609, Aix-Marseille School of Economics, France.
    10. Klor, Esteban F. & Kube, Sebastian & Winter, Eyal & Zultan, Ro’i, 2014. "Can higher rewards lead to less effort? Incentive reversal in teams," Journal of Economic Behavior & Organization, Elsevier, vol. 97(C), pages 72-83.
    11. Spiro, Daniel, 2014. "Resource prices and planning horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 159-175.
    12. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).
    13. Thomas Kourouxous & Thomas Bauer, 2019. "Violations of dominance in decision-making," Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 209-239, April.

  20. John Hey & Julia Knoll, 2006. "How Far Ahead Do People Plan?," Discussion Papers 06/17, Department of Economics, University of York.

    Cited by:

    1. Ariane Lambert-Mogiliansky & Jérôme Busemeyer, 2012. "Quantum Type Indeterminacy in Dynamic Decision-Making: Self-Control through Identity Management," Post-Print hal-00813259, HAL.
    2. Masiliūnas, Aidas, 2019. "Overcoming inefficient lock-in in coordination games with sophisticated and myopic players," Mathematical Social Sciences, Elsevier, vol. 100(C), pages 1-12.
    3. Ondrej Rydval, & Andreas Ortmann & Michal Ostatnicky, 2008. "Three Very Simple Games and What It Takes to Solve Them," CERGE-EI Working Papers wp347, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    4. Christian Lukas & Jens Robert Schöndube, 2008. "Trust and Adaptive Learning in Implicit Contracts," FEMM Working Papers 08017, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    5. Quemin, Simon & Trotignon, Raphaël, 2021. "Emissions trading with rolling horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    6. Darryl Seale & William Stein & Amnon Rapoport, 2014. "Hold or roll: reaching the goal in jeopardy race games," Theory and Decision, Springer, vol. 76(3), pages 419-450, March.
    7. De Donder, Philippe & Anesi, Vincent, 2008. "Secondary Issues and Party Politics: An Application to Environmental Policy," CEPR Discussion Papers 6774, C.E.P.R. Discussion Papers.
    8. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    9. Spiro, Daniel, 2014. "Resource prices and planning horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 159-175.
    10. Pradiptyo, Rimawan & Sahadewo, Gumilang Aryo, 2012. "On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach," MPRA Paper 40045, University Library of Munich, Germany.
    11. Ariane Lambert-Mogiliansky & Jérôme Busemeyer, 2012. "Quantum Type Indeterminacy in Dynamic Decision-Making: Self-Control through Identity Management," PSE - Labex "OSE-Ouvrir la Science Economique" hal-00813259, HAL.

  21. Roberto Burlando & John Hey, "undated". "Do Anglo-Saxons Free-Ride More?," Discussion Papers 95/37, Department of Economics, University of York.

    Cited by:

    1. Akira Okada & Arno Riedl, 1999. "When Culture does not matter: Experimental Evidence from Coalition Formation Ultimatum Games in Austria and Japan," Tinbergen Institute Discussion Papers 99-043/1, Tinbergen Institute.
    2. van der Heijden, E.C.M. & Nelissen, J.H.M. & Potters, J.J.M. & Verbon, H.A.A., 2001. "Simple and Complex Gift Exchange in the Laboratory," Other publications TiSEM 996f614d-8ea1-4b4a-b4af-9, Tilburg University, School of Economics and Management.
    3. Jordi Brandts & Tatsuyoshi Saijo & Arthur Schram, 2004. "How Universal is Behavior? A Four Country Comparison of Spite and Cooperation in Voluntary Contribution Mechanisms," Public Choice, Springer, vol. 119(3_4), pages 381-424, June.
    4. Marco Faillo & Daniela Grieco & Luca Zarri, 2012. "Cultural Diversity, Cooperation, and Antisocial Punishment," Working Papers 09/2012, University of Verona, Department of Economics.
    5. Brandts, J. & Saijo, T. & Schram, A., 2000. "A Four Country Comparision of Spite, Cooperation and Errors in Voluntary Contribution Mechanisms," ISER Discussion Paper 0496, Institute of Social and Economic Research, Osaka University.
    6. Joan Costa-i-Font & Frank Cowell, 2013. "Social Identity and Redistributive Preferences: A Survey," CESifo Working Paper Series 4440, CESifo.
    7. Vanessa Mertins & Wolfgang Hoffeld, 2013. "Do Overconfident Workers Cooperate Less? The Relationship between Overconfidence and Cooperation in Team Production," IAAEU Discussion Papers 201313, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    8. Swee Hoon Chuah, 2003. "Anthropology and Economic Imperialism: The Battlefield of Culture," Occasional Papers 3, Nottingham University Business School.
    9. Witztum, Amos, 2008. "Social attitudes and re-distributive policies," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1597-1623, August.
    10. Ben-Ner, Avner & Hu, Fangtingyu, 2021. "Lying in a finitely repeated game," Economics Letters, Elsevier, vol. 201(C).
    11. Asano, Masanari & Basieva, Irina & Khrennikov, Andrei & Ohya, Masanori & Tanaka, Yoshiharu, 2012. "Quantum-like dynamics of decision-making," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(5), pages 2083-2099.
    12. Kocher, Martin G. & Martinsson, Peter & Visser, Martine, 2012. "Social background, cooperative behavior, and norm enforcement," Munich Reprints in Economics 18163, University of Munich, Department of Economics.
    13. Finocchiaro Castro, Massimo, 2008. "Where are you from? Cultural differences in public good experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2319-2329, December.
    14. Urs Fischbacher & Simon Gaechter, 2008. "Heterogeneous Social Preferences And The Dynamics Of Free Riding In Public Good Experiments," Discussion Papers 2008-07, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    15. Werner Güth & Maria Vittoria Levati & Andreas Stiehler, "undated". "Privately Contributing to Public Goods over Time - An Experimental Study -," Papers on Strategic Interaction 2002-01, Max Planck Institute of Economics, Strategic Interaction Group.
    16. Amos Witztum, 2016. "Experimental Economics, Game Theory and Das Adam Smith Problem," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 42(4), pages 528-556, September.
    17. Aleksander Rubinstein, 2013. "The theory of patronized goods in the optics of comparative methodology," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 1(1), pages 4-32, December.
    18. Abbink, Klaus, 2004. "Staff rotation as an anti-corruption policy: an experimental study," European Journal of Political Economy, Elsevier, vol. 20(4), pages 887-906, November.
    19. Bodo Sturm & Joachim Weimann, 2006. "Experiments in Environmental Economics and Some Close Relatives," Journal of Economic Surveys, Wiley Blackwell, vol. 20(3), pages 419-457, July.
    20. Fuhai Hong & Larry Karp & Tat-How Teh, 2021. "Identity in public goods contribution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(3), pages 617-664, October.
    21. Werner Güth & Anastasios Koukoumelis & M. Vittoria Levati, 2011. ""One man's meat is another man's poison." An experimental study of voluntarily providing public projects that raise mixed feelings," Jena Economics Research Papers 2011-034, Friedrich-Schiller-University Jena.
    22. Рубинштейн Александр Яковлевич, "undated". "Методологический Анализ Теории Опекаемых Благ: Научный Доклад [methodological analysis of the Theory of Patronized Goods. Research report]," Working papers a:pru175:ye:2014:1, Institute of Economics.
    23. Bram Cadsby, C. & Hamaguchi, Yasuyo & Kawagoe, Toshiji & Maynes, Elizabeth & Song, Fei, 2007. "Cross-national gender differences in behavior in a threshold public goods game: Japan versus Canada," Journal of Economic Psychology, Elsevier, vol. 28(2), pages 242-260, April.
    24. Leif Helland & Jon Hovi, 2008. "Renegotiation Proofness and Climate Agreements: Some Experimental Evidence," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 34, pages 1-2.
    25. Calvin Blackwell & Michael McKee, 2010. "Is There a Bias Toward Contributing to Local Public Goods? Cultural Effects," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(3), pages 243-257, October.
    26. Norton, Douglas A., 2015. "Killing the (coordination) moment: How ambiguity eliminates the restart effect in voluntary contribution mechanism experiments," Economics Letters, Elsevier, vol. 126(C), pages 1-5.
    27. Erling Moxnes & Eline van der Heijden, 2003. "The Effect of Leadership in a Public Bad Experiment," Journal of Conflict Resolution, Peace Science Society (International), vol. 47(6), pages 773-795, December.
    28. Lensberg, T. & van der Heijden, E.C.M., 1998. "A cross-cultural study of reciprocity, trust and altruism in a gift exchange experiment," Discussion Paper 1998-77, Tilburg University, Center for Economic Research.
    29. Moxnes, E. & van der Heijden, E.C.M., 2000. "The Effect of Leadership in a Public Bad Experiment," Discussion Paper 2000-102, Tilburg University, Center for Economic Research.
    30. Gulyás, Attila, 2007. "A méltányosságelmélet alapjai. Modellek és nézőpontok [The foundations of quity theory. Models and viewpoints]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 167-183.
    31. Fali Huang, 2007. "Building Social Trust: A Human-Capital Approach," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(4), pages 552-573, December.
    32. Mengel, F., 2008. "Learning by (limited) forward looking players," Research Memorandum 053, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    33. Anabela Botelho & Glenn W. Harrison & Lígia Costa Pinto & Elisabet E. Rutstrom, 2005. "Testing static game theory with dynamic experiments: a case study of public goods," NIMA Working Papers 29, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
    34. Swee Hoon Chuah & Robert Hoffmann & Martin Jones & Geoffrey Williams, 2005. "An Economic Anatomy of Culture: Attitudes and Behaviour in Inter- and Intra- National Ultimatum Game Experiments," Occasional Papers 13, Industrial Economics Division.
    35. Christine Harbring, 2006. "The effect of communication in incentive systems-an experimental study," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(5), pages 333-353.
    36. C. Bram Cadsby & Yasuyo Hamaguchi & Toshiji KawagoeAuthor-Name: & Elizabeth Maynes, 2001. "Gender and Culture in a Threshold Public Goods Game: Japan versus Canada," ISER Discussion Paper 0540, Institute of Social and Economic Research, Osaka University.
    37. Olli Lappalainen, 2018. "Cooperation and Strategic Complementarity: An Experiment with Two Voluntary Contribution Mechanism Games with Interior Equilibria," Games, MDPI, vol. 9(3), pages 1-24, July.
    38. Horak, Sven, 2013. "Cross-cultural experimental economics and indigenous management research: Issues and contributions," Working Papers on East Asian Studies 92/2013, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    39. Vanessa Mertins & Andrea B. Schote & Jobst Meyer, 2013. "Variants of the Monoamine Oxidase A Gene (MAOA) Predict Free-riding Behavior in Women in a Strategic Public Goods Experiment," IAAEU Discussion Papers 201302, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    40. Gachter, Simon & Fehr, Ernst, 1999. "Collective action as a social exchange," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 341-369, July.
    41. Urs Fischbacher & Simon Gachter, 2010. "Social Preferences, Beliefs, and the Dynamics of Free Riding in Public Goods Experiments," American Economic Review, American Economic Association, vol. 100(1), pages 541-556, March.
    42. Ginny Seung Choi & Virgil Henry Storr, 2018. "Market institutions and the evolution of culture," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 243-265, December.
    43. Shunji Oniki & Haftu Etsay & Melaku Berhe & Teklay Negash, 2020. "Improving Cooperation among Farmers for Communal Land Conservation in Ethiopia: A Public Goods Experiment," Sustainability, MDPI, vol. 12(21), pages 1-16, November.
    44. Masel, Joanna, 2007. "A Bayesian model of quasi-magical thinking can explain observed cooperation in the public good game," Journal of Economic Behavior & Organization, Elsevier, vol. 64(2), pages 216-231, October.
    45. Ananish Chaudhuri, 2018. "Belief Heterogeneity and the Restart Effect in a Public Goods Game," Games, MDPI, vol. 9(4), pages 1-20, November.
    46. Antonio Filippin & Manuela Raimondi, 2016. "The Patron Game with Heterogeneous Endowments: A Case Against Inequality Aversion," De Economist, Springer, vol. 164(1), pages 69-81, March.
    47. Ernst Fehr & Klaus M. Schmidt, "undated". "A Theory of Fairness, Competition and Cooperation," IEW - Working Papers 004, Institute for Empirical Research in Economics - University of Zurich.
    48. Fengwei Sun & Xiaoxiao Wang & Quanlan Yi & Mengliang Wu, 2015. "Does Culture Matter to Pro-Social Behavior? Evidence from a Cross-Ethnic Lab Experiment," Journal of Economics and Behavioral Studies, AMH International, vol. 7(6), pages 94-110.
    49. van der Heijden, Eline C M, et al, 2001. "Simple and Complex Gift Exchange in the Laboratory," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 280-297, April.
    50. Kurt A. Ackermann & Ryan O. Murphy, 2019. "Explaining Cooperative Behavior in Public Goods Games: How Preferences and Beliefs Affect Contribution Levels," Games, MDPI, vol. 10(1), pages 1-34, March.
    51. Jordi Brandts & Christina Rott & Carles Solà, 2016. "Not just like starting over - Leadership and revivification of cooperation in groups," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 792-818, December.
    52. Ronald Cummings & Paul Ferraro, 2005. "Cultural diversity, discrimination and economic outcomes: An experimental analysis," Artefactual Field Experiments 00045, The Field Experiments Website.
    53. Swee Hoon Chuah & Robert Hoffmann & Martin Jones & Geoffrey Williams, 2004. "Do Cultures Clash? Evidence from Cross-National Ultimatum Game Experiments," Occasional Papers 9, Industrial Economics Division.
    54. Ockenfels, Axel & Weimann, Joachim, 1999. "Types and patterns: an experimental East-West-German comparison of cooperation and solidarity," Journal of Public Economics, Elsevier, vol. 71(2), pages 275-287, February.
    55. Andrea Robbett, 2016. "Community dynamics in the lab," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(3), pages 543-568, March.
    56. Grund, Christian & Harbring, Christine & Thommes, Kirsten, 2015. "Cooperation in Diverse Teams: The Role of Temporary Group Membership," IZA Discussion Papers 8761, Institute of Labor Economics (IZA).
    57. Lisa Anderson & Francis DiTraglia & Jeffrey Gerlach, 2011. "Measuring altruism in a public goods experiment: a comparison of U.S. and Czech subjects," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 426-437, September.
    58. Peter Martinsson & Clara Villegas-Palacio & Conny Wollbrant, 2015. "Cooperation and social classes: evidence from Colombia," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 45(4), pages 829-848, December.
    59. Axel Ockenfels & Gary E. Bolton, 2000. "ERC: A Theory of Equity, Reciprocity, and Competition," American Economic Review, American Economic Association, vol. 90(1), pages 166-193, March.
    60. Martinsson, Peter & Villegas-Palacio, Clara & Wollbrant, Conny, 2009. "Conditional Cooperation and Social Group - Experimental results from Colombia," Working Papers in Economics 372, University of Gothenburg, Department of Economics.
    61. Jordi Brandts & Tatsuyoshi Saijo & Arthur Schram, 2002. "How Universal is Behavior?," Tinbergen Institute Discussion Papers 02-100/1, Tinbergen Institute.
    62. Moxnes, E. & van der Heijden, E.C.M., 2000. "The Effect of Leadership in a Public Bad Experiment," Other publications TiSEM a8b2f3e0-d966-42f2-a37f-f, Tilburg University, School of Economics and Management.
    63. Andreoni,J. & Croson,R., 1998. "Partners versus strangers : random rematching in public goods experiments," Working papers 11, Wisconsin Madison - Social Systems.
    64. Chen, Kang & Tang, Fang-Fang, 2009. "Cultural differences between Tibetans and ethnic Han Chinese in ultimatum bargaining experiments," European Journal of Political Economy, Elsevier, vol. 25(1), pages 78-84, March.
    65. Akay, Alpaslan & Karabulut, Gökhan & Martinsson, Peter, 2011. "The Effect of Religion on Cooperation and Altruistic Punishment: Experimental Evidence from Public Goods Experiments," IZA Discussion Papers 6179, Institute of Labor Economics (IZA).

  22. John Hey, "undated". "Does Repetition Improve Consistency?," Discussion Papers 99/28, Department of Economics, University of York.

    Cited by:

    1. Woodford, Michael & Li, Ziang & Khaw, Mel Win, 2017. "Risk Aversion as a Perceptual Bias," CEPR Discussion Papers 11929, C.E.P.R. Discussion Papers.
    2. Nur Ayvaz‐Çavdaroğlu & Mürüvvet Büyükboyacı, 2022. "Analyzing multiple pricing decisions for substitutes under stochastic demand: An experiment," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1351-1361, July.
    3. Peter Moffatt, 2005. "Stochastic Choice and the Allocation of Cognitive Effort," Experimental Economics, Springer;Economic Science Association, vol. 8(4), pages 369-388, December.
    4. Caliari, Daniele, 2023. "Rationality is not consistency," Discussion Papers, Research Unit: Economics of Change SP II 2023-304, WZB Berlin Social Science Center.
    5. Dale O. Stahl, 2019. "A Bayesian Method for Characterizing Population Heterogeneity," Games, MDPI, vol. 10(4), pages 1-12, October.
    6. Lukas Menkhoff & Sahra Sakha, 2016. "Determinants of Risk Aversion over Time: Experimental Evidence from Rural Thailand," Discussion Papers of DIW Berlin 1582, DIW Berlin, German Institute for Economic Research.
    7. Jacob K. Goeree & Charles A. Holt & Thomas R. Palfrey, 2000. "Quantal Response Equilibrium and Overbidding in Private-Value Auctions," Virginia Economics Online Papers 345, University of Virginia, Department of Economics.
    8. Fiore, Annamaria, 2009. "Experimental Economics: Some Methodological Notes," MPRA Paper 12498, University Library of Munich, Germany.
    9. Jeffrey E. Harris & Mariana Gerstenblüth & Patricia Triunfo, 2018. "Smokers’ Rational Lexicographic Preferences for Cigarette Package Warnings: A Discrete Choice Experiment with Eye Tracking," Documentos de Trabajo (working papers) 0218, Department of Economics - dECON.
    10. David M. Bruner, 2009. "Changing the Probability versus Changing the Reward," Working Papers 09-04, Department of Economics, Appalachian State University.
    11. Pavlo Blavatskyy, 2012. "Probabilistic choice and stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 59-83, May.
    12. Nathaniel T. Wilcox, 2015. "Unusual Estimates of Probability Weighting Functions," Working Papers 15-10, Chapman University, Economic Science Institute.
    13. Andrea Morone, 2005. "Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment," Papers on Strategic Interaction 2005-20, Max Planck Institute of Economics, Strategic Interaction Group.
    14. Balcombe, Kelvin & Fraser, Iain, 2024. "A Note on an Alternative Approach to Experimental Design of Lottery Prospects," MPRA Paper 119743, University Library of Munich, Germany.
    15. Noemí Herranz-Zarzoso & Gerardo Sabater-Grande, 2018. "Framing and repetition effects on risky choices: A behavioral approach," Working Papers 2018/04, Economics Department, Universitat Jaume I, Castellón (Spain).
    16. Blavatskyy, Pavlo, 2013. "Which decision theory?," Economics Letters, Elsevier, vol. 120(1), pages 40-44.
    17. Andrea Morone & Piergiuseppe Morone, 2012. "Are small groups Expected Utility?," Working Papers 2012/08, Economics Department, Universitat Jaume I, Castellón (Spain).
    18. Wei Ma, 2023. "Random dual expected utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(2), pages 293-315, February.
    19. Pavlo R. Blavatskyy, 2010. "Modifying the Mean-Variance Approach to Avoid Violations of Stochastic Dominance," Management Science, INFORMS, vol. 56(11), pages 2050-2057, November.
    20. Sugden, Robert, 2003. "Reference-dependent subjective expected utility," Journal of Economic Theory, Elsevier, vol. 111(2), pages 172-191, August.
    21. Mel Win Khaw & Ziang Li & Michael Woodford, 2021. "Cognitive Imprecision and Small-Stakes Risk Aversion [Linear Mapping of Numbers onto Space Requires Attention]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1979-2013.
    22. Chew, Soo Hong & Miao, Bin & Shen, Qiang & Zhong, Songfa, 2022. "Multiple-switching behavior in choice-list elicitation of risk preference," Journal of Economic Theory, Elsevier, vol. 204(C).
    23. Jerome R. Busemeyer & Jörg Rieskamp, 2014. "Psychological research and theories on preferential choice," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 3, pages 49-72, Edward Elgar Publishing.
    24. Hamza Umer, 2024. "Gender differences in temporal stability and decay in stability of trust," Theory and Decision, Springer, vol. 96(3), pages 369-395, May.
    25. Anna Conte & Maria Vittoria Levati & Chiara Nardi, 2014. "Risk preferences and the role of emotions," Working Papers 10/2014, University of Verona, Department of Economics.
    26. Caliari, Daniele, 2023. "Behavioural welfare analysis and revealed preference: Theory and experimental evidence," Discussion Papers, Research Unit: Economics of Change SP II 2023-303, WZB Berlin Social Science Center.
    27. Guo, Liang, 2021. "Contextual deliberation and the choice-valuation preference reversal," Journal of Economic Theory, Elsevier, vol. 195(C).
    28. Maxim Pinkovskiy, 2009. "Rational Inattention and Choice Under Risk: Explaining Violations of Expected Utility Through a Shannon Entropy Formulation of the Costs of Rationality," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(1), pages 99-112, March.
    29. Michael H. Birnbaum & Ulrich Schmidt, 2015. "The Impact of Learning by Thought on Violations of Independence and Coalescing," Decision Analysis, INFORMS, vol. 12(3), pages 144-152.
    30. Schmidt, Ulrich & Birnbaum, Michael, 2014. "The Impact of Experience on Violations of Independence and Coalescing," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100463, Verein für Socialpolitik / German Economic Association.
    31. Nathaniel T. Wilcox, 2015. "Error and Generalization in Discrete Choice Under Risk," Working Papers 15-11, Chapman University, Economic Science Institute.
    32. Pavlo Blavatskyy, 2018. "Why do young women marry old men?," Theory and Decision, Springer, vol. 85(3), pages 509-525, October.
    33. Hajimoladarvish , Narges, 2021. "Explaining Heterogeneity in Risk Preferences Using a Finite Mixture Model," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(4), pages 533-554, December.
    34. Cunningham, Thomas, 2013. "Biases and Implicit Knowledge," MPRA Paper 50292, University Library of Munich, Germany.
    35. Andreas C. Drichoutis & Achilleas Vassilopoulos, 2021. "Intertemporal stability of survey‐based measures of risk and time preferences," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(3), pages 655-683, August.
    36. Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2019. "Deliberately Stochastic," American Economic Review, American Economic Association, vol. 109(7), pages 2425-2445, July.
      • Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2012. "Deliberately Stochastic," PIER Working Paper Archive 17-013, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 25 May 2017.
    37. Cosmin L. Ilut & Rosen Valchev, 2020. "Economic Agents as Imperfect Problem Solvers," NBER Working Papers 27820, National Bureau of Economic Research, Inc.
    38. Wilcox, Nathaniel T., 2011. "'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
    39. Cheremukhin, Anton & Popova, Anna & Tutino, Antonella, 2015. "A theory of discrete choice with information costs," Journal of Economic Behavior & Organization, Elsevier, vol. 113(C), pages 34-50.
    40. Anna Conte & John D Hey & Peter G Moffatt, 2007. "Mixture Models of Choice Under Risk," Discussion Papers 07/06, Department of Economics, University of York.
    41. Theresa Treffers & Philipp D. Koellinger & Arnold Picot, 2016. "Do Affective States Influence Risk Preferences?," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 17(3), pages 309-335, December.
    42. Addison Pan, 2022. "Empirical tests of stochastic binary choice models," Theory and Decision, Springer, vol. 93(2), pages 259-280, September.
    43. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
    44. Yegane, Ece, 2022. "Stochastic choice with limited memory," Journal of Economic Theory, Elsevier, vol. 205(C).
    45. Ulrich Schmidt & Horst Zank, 2022. "Chance theory: A separation of riskless and risky utility," Journal of Risk and Uncertainty, Springer, vol. 65(1), pages 1-32, August.
    46. Robin Cubitt & Chris Starmer & Robert Sugden, 2001. "Discovered preferences and the experimental evidence of violations of expected utility theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(3), pages 385-414.
    47. Oben K. Bayrak & John D. Hey, 2020. "Decisions under risk: Dispersion and skewness," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 1-24, August.
    48. Thomas Dohmen & Georgios Gerasimou, 2024. "Learning to Maximize (Expected) Utility," Papers 2402.16538, arXiv.org.
    49. Marina Agranov & Pietro Ortoleva, 2017. "Stochastic Choice and Preferences for Randomization," Journal of Political Economy, University of Chicago Press, vol. 125(1), pages 40-68.
    50. Alós-Ferrer, Carlos & Garagnani, Michele, 2022. "The gradual nature of economic errors," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 55-66.
    51. Matteo M. Marini, 2022. "20 years of emotions and risky choices in the lab: A meta-analysis," Working Papers 2022/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    52. Anna Conte & Gianmarco Santis & John D. Hey & Ivan Soraperra, 2023. "The determinants of decision time in an ambiguous context," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 271-297, December.
    53. Pavlo Blavatskyy, 2023. "Expected return—expected loss approach to optimal portfolio investment," Theory and Decision, Springer, vol. 94(1), pages 63-81, January.
    54. Chuang, Yating & Schechter, Laura, 2015. "Stability of experimental and survey measures of risk, time, and social preferences: A review and some new results," Journal of Development Economics, Elsevier, vol. 117(C), pages 151-170.
    55. Pavlo Blavatskyy, 2014. "Stronger utility," Theory and Decision, Springer, vol. 76(2), pages 265-286, February.
    56. Blavatskyy, Pavlo, 2018. "Fechner’s strong utility model for choice among n>2 alternatives: Risky lotteries, Savage acts, and intertemporal payoffs," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 75-82.
    57. Alós-Ferrer, Carlos & Garagnani, Michele, 2021. "Choice consistency and strength of preference," Economics Letters, Elsevier, vol. 198(C).
    58. Michael Woodford, 2014. "An Optimizing Neuroeconomic Model of Discrete Choice," NBER Working Papers 19897, National Bureau of Economic Research, Inc.
    59. Charles A. Holt & Roger Sherman, 2014. "Risk Aversion and the Winner's Curse," Southern Economic Journal, John Wiley & Sons, vol. 81(1), pages 7-22, July.
    60. Andreas C. Drichoutis & Achilleas Vassilopoulos, 2016. "Intertemporal stability of survey-based measures of risk and time preferences over a three-year course," Working Papers 2016-3, Agricultural University of Athens, Department Of Agricultural Economics.
    61. Pavlo R. Blavatskyy, 2011. "A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance," Management Science, INFORMS, vol. 57(3), pages 542-548, March.
    62. Pavlo Blavatskyy, 2009. "Preference reversals and probabilistic decisions," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 237-250, December.
    63. Briony D. Pulford & Andrew M. Colman & Graham Loomes, 2018. "Incentive Magnitude Effects in Experimental Games: Bigger is not Necessarily Better," Games, MDPI, vol. 9(1), pages 1-10, January.
    64. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
    65. Pavlo Blavatskyy, 2021. "Probabilistic independence axiom," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 46(1), pages 21-34, March.
    66. James R. Bland, 2019. "Measuring and Comparing Two Kinds of Rationalizable Opportunity Cost in Mixture Models," Games, MDPI, vol. 11(1), pages 1-27, December.
    67. Rosella Castellano & Roy Cerqueti, 2013. "Roots and effects of financial misperception in a stochastic dominance framework," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(6), pages 3371-3389, October.
    68. Pavlo Blavatskyy, 2018. "A second-generation disappointment aversion theory of decision making under risk," Theory and Decision, Springer, vol. 84(1), pages 29-60, January.
    69. Pavlo Blavatskyy & Ganna Pogrebna, 2010. "Reevaluating evidence on myopic loss aversion: aggregate patterns versus individual choices," Theory and Decision, Springer, vol. 68(1), pages 159-171, February.
    70. Herranz-Zarzoso, Noemí & Sabater-Grande, Gerardo & Jaramillo-Gutiérrez, Ainhoa, 2020. "Framing and repetition effects on risky choices: A behavioural approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 84(C).
    71. Pavlo R. Blavatskyy, 2020. "Dual choice axiom and probabilistic choice," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 25-41, August.
    72. Heydari, Pedram, 2021. "Luce arbitrates: Stochastic resolution of inner conflicts," Games and Economic Behavior, Elsevier, vol. 126(C), pages 33-74.
    73. A. Morone & P. Morone, 2014. "Estimating individual and group preference functionals using experimental data," Theory and Decision, Springer, vol. 77(3), pages 403-422, October.

  23. John Hey, "undated". "Experiments and the Economics of Individual Decision Making Under Risk and Uncertainty," Discussion Papers 95/49, Department of Economics, University of York.

    Cited by:

    1. B. Luppi, 2003. "Experimentation and Disappointment," Working Papers 493, Dipartimento Scienze Economiche, Universita' di Bologna.

  24. Enrica Carbone & John Hey, "undated". "A Test of the Principle of Optimality," Discussion Papers 99/9, Department of Economics, University of York.

    Cited by:

    1. John D. Hey & Julia A. Knoll, 2018. "Strategies in dynamic decision making – An experimental investigation of the rationality of decision behaviour," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 9, pages 223-233, World Scientific Publishing Co. Pte. Ltd..
    2. Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
    3. Antoine Nebout & Marc Willinger, 2014. "Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence," Working Papers 14-08, LAMETA, Universtiy of Montpellier, revised Jul 2014.
    4. Muller, Wieland, 2001. "Strategies, heuristics, and the relevance of risk-aversion in a dynamic decision problem," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 493-522, August.
    5. Quemin, Simon & Trotignon, Raphaël, 2021. "Emissions trading with rolling horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    6. John D. Hey, 2005. "Do People (Want To) Plan?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(1), pages 122-138, February.
    7. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    8. John D. Hey & Julia A. Knoll, 2018. "How far ahead do people plan?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 12, pages 301-306, World Scientific Publishing Co. Pte. Ltd..
    9. Levesque, Moren & Schade, Christian, 2005. "Intuitive optimizing: experimental findings on time allocation decisions with newly formed ventures," Journal of Business Venturing, Elsevier, vol. 20(3), pages 313-342, May.
    10. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    11. Spiro, Daniel, 2014. "Resource prices and planning horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 159-175.
    12. Yamamori, Tetsuo & Iwata, Kazuyuki & Ogawa, Akira, 2018. "Does money illusion matter in intertemporal decision making?," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 465-473.
    13. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).
    14. Miller, Logan & Rholes, Ryan, 2023. "Joint vs. Individual performance in a dynamic choice problem," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 897-934.

  25. John Hey & Enrica Carbone, "undated". "Which Error Theory is Best?," Discussion Papers 99/31, Department of Economics, University of York.

    Cited by:

    1. Andrea Morone, 2005. "Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment," Papers on Strategic Interaction 2005-20, Max Planck Institute of Economics, Strategic Interaction Group.
    2. Michael Moutoussis & Raymond J Dolan & Peter Dayan, 2016. "How People Use Social Information to Find out What to Want in the Paradigmatic Case of Inter-temporal Preferences," PLOS Computational Biology, Public Library of Science, vol. 12(7), pages 1-17, July.
    3. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..

  26. John Hey & Carmen Pasca, "undated". "Inferring Social Preferences over Income Distributions through Axioms," Discussion Papers 09/18, Department of Economics, University of York.

    Cited by:

    1. Jeremiah Hurley & Neil Buckley & Katherine Cuff & Mita Giacomini & David Cameron, 2011. "Judgments regarding the fair division of goods: the impact of verbal versus quantitative descriptions of alternative divisions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 37(2), pages 341-372, July.

  27. John Hey, "undated". "Do People (Want to) Plan?," Discussion Papers 99/22, Department of Economics, University of York.

    Cited by:

    1. Rodepeter, Ralf & Winter, Joachim, 1999. "Rules of thumb in life-cycle savings models," Papers 99-81, Sonderforschungsbreich 504.
    2. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    3. Anna Conte & M. Vittoria Levati, 2011. "Use of data on planned contributions and stated beliefs in the measurement of social preferences," Jena Economics Research Papers 2011-039, Friedrich-Schiller-University Jena.
    4. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    5. Pradiptyo, Rimawan & Sahadewo, Gumilang Aryo, 2012. "On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach," MPRA Paper 40045, University Library of Munich, Germany.
    6. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).

  28. John Hey & Massimo Paradiso., "undated". "Dynamic Choice and Timing-Independence: an experimental investigation," Discussion Papers 99/26, Department of Economics, University of York.

    Cited by:

    1. Nathalie Etchart, 2002. "Adequate Moods for non-eu Decision Making in a Sequential Framework," Theory and Decision, Springer, vol. 52(1), pages 1-28, February.
    2. Nathalie Etchart-Vincent, 2002. "Adequate Moods for non-EU Decision Making in a Sequential Framework," Post-Print halshs-00004830, HAL.
    3. Nathalie Etchart-Vincent, 2005. "Adequate Moods for Non-EU Decision Making in a Sequential Framework," Working Papers halshs-00004832, HAL.

  29. John Hey & Louise Allsopp, "undated". "Two Experiments to Test a Model of Herd Behaviour," Discussion Papers 99/24, Department of Economics, University of York.

    Cited by:

    1. Drehmann, Mathias & Oechssler, Jörg & Roider, Andreas, 2002. "Herding and Contrarian Behavior in Financial Markets: An Internet Experiment," Bonn Econ Discussion Papers 25/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
    2. Ponti, Giovanni & Carbone, Enrica, 2009. "Positional learning with noise," Research in Economics, Elsevier, vol. 63(4), pages 225-241, December.
    3. Giovanni Ferri & Andrea Morone, 2008. "The Effect of Rating Agencies on Herd Behaviour," EERI Research Paper Series EERI_RP_2008_21, Economics and Econometrics Research Institute (EERI), Brussels.
    4. Machado, Matilde P. & Mora, Ricardo & Romero-Medina, Antonio, 2006. "A methodology to measure hospital quality using physicians' choices over training vacancies," UC3M Working papers. Economics we060201, Universidad Carlos III de Madrid. Departamento de Economía.
    5. Jacques Pelletan, 2021. "Risk perception with imperfect information and social interactions: Understanding group polarization," Bulletin of Economic Research, Wiley Blackwell, vol. 73(4), pages 688-703, October.
    6. Fiore, Annamaria & Morone, Andrea, 2007. "A Simple Note on Informational Cascades," Economics Discussion Papers 2007-21, Kiel Institute for the World Economy (IfW Kiel).
    7. Annamaria Fiore & Andrea Morone, 2005. "Is playing alone in the darkness sufficient to prevent informational cascades?," Experimental 0503002, University Library of Munich, Germany.
    8. Roe, Brian E. & Teisl, Mario F., 2004. "Consumption Externalities, Information Policies, And Multiple Equilibria: Evidence For Genetically Engineered Food Markets," 2004 Annual meeting, August 1-4, Denver, CO 20243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Matilde P. Machado & Ricardo Mora & Antonio Romero-Medina, 2012. "Can We Infer Hospital Quality From Medical Graduates’ Residency Choices?," Journal of the European Economic Association, European Economic Association, vol. 10(6), pages 1400-1424, December.
    10. Morone, Andrea & Fiore, Annamaria & Sandri, Serena, 2007. "On the absorbability of herd behaviour and informational cascades: an experimental analysis," Dresden Discussion Paper Series in Economics 15/07, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    11. Francesco Feri & Miguel Ángel Meléndez-Jiménez & Giovanni Ponti & Fernando Vega Redondo, 2008. "Error Cascades in Observational Learning: An Experiment on the Chinos Game," Working Papers 2008-21, Faculty of Economics and Statistics, Universität Innsbruck.
    12. Vincent Mak & Rami Zwick, 2014. "Experimenting and learning with localized direct communication," Experimental Economics, Springer;Economic Science Association, vol. 17(2), pages 262-284, June.
    13. Puput Tri Komalasari & Marwan Asri & Bernardinus M. Purwanto & Bowo Setiyono, 2022. "Herding behaviour in the capital market: What do we know and what is next?," Management Review Quarterly, Springer, vol. 72(3), pages 745-787, September.
    14. Sgroi, D., 2000. "The Right Choice at the Right Time: a Herding Experiment in Endogenous Time," Economics Papers 2000-w15, Economics Group, Nuffield College, University of Oxford.
    15. Weizsacker, Georg, 2008. "Do we follow others when we should? A simple test of rational expectations," LSE Research Online Documents on Economics 4945, London School of Economics and Political Science, LSE Library.

  30. John Bone & John Hey & John Suckling, "undated". "A Simple Risk-Sharing Experiment," Discussion Papers 00/36, Department of Economics, University of York.

    Cited by:

    1. Sutter, Matthias, 2005. "Are four heads better than two? An experimental beauty-contest game with teams of different size," Economics Letters, Elsevier, vol. 88(1), pages 41-46, July.
    2. Carina Cavalcanti & Andreas Leibbrandt, 2024. "Do Positive Externalities Affect Risk Taking? Experimental Evidence on Gender and Group Membership," Monash Economics Working Papers 2024-05, Monash University, Department of Economics.
    3. David Masclet & Youenn Loheac & Laurent Denant-Boemont & Nathalie Colombier, 2004. "Group and individual risk preferences: a lottery-choice experiment," Cahiers de la Maison des Sciences Economiques bla06063, Université Panthéon-Sorbonne (Paris 1), revised Sep 2006.
    4. A. Chaudhuri & L. Gangadharan & Pushkar Maitra, 2005. "An Experimental Analysis ofGroup Size and Risk Sharing," Department of Economics - Working Papers Series 955, The University of Melbourne.
    5. Olga A. Rud & Jean Paul Rabanal & Manizha Sharifova, 2018. "An experiment on the efficiency of bilateral exchange under incomplete markets," Working Papers 123, Peruvian Economic Association.
    6. Glenn W. Harrison & Jia Min Ng, 2019. "Behavioral insurance and economic theory: A literature review," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(2), pages 133-182, July.
    7. Charness, Gary B & Genicot, Garance, 2008. "Informal Risk Sharing in an Infinite-horizon Experiment," University of California at Santa Barbara, Economics Working Paper Series qt9sn8t91g, Department of Economics, UC Santa Barbara.
    8. Garance Genicot & Gary Charness, 2004. "An Experimental Test of Risk-Sharing Arrangements," 2004 Meeting Papers 807, Society for Economic Dynamics.
    9. Morone, Andrea & Temerario, Tiziana, 2015. "Eliciting Preferences Over Risk: An Experiment," MPRA Paper 68519, University Library of Munich, Germany.
    10. Ruth Hill & Angelino Viceisza, 2012. "A field experiment on the impact of weather shocks and insurance on risky investment," Experimental Economics, Springer;Economic Science Association, vol. 15(2), pages 341-371, June.
    11. Hubert Gabrisch, 2023. "In The Maelstrom Of Crises: The European Union And The ‘Zeitenwende’," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(236), pages 7-27, January –.
    12. Hill, Ruth Vargas & Viceisza, Angelino, 2010. "An experiment on the impact of weather shocks and insurance on risky investment," IFPRI discussion papers 974, International Food Policy Research Institute (IFPRI).
    13. Nadja Trhal & Ralf Radermacher, 2006. "Bad luck vs. self-inflicted neediness – An experimental investigation of gift giving in a solidarity game," Working Paper Series in Economics 28, University of Cologne, Department of Economics, revised 07 Mar 2008.
    14. Masclet, David & Colombier, Nathalie & Denant-Boemont, Laurent & Lohéac, Youenn, 2009. "Group and individual risk preferences: A lottery-choice experiment with self-employed and salaried workers," Journal of Economic Behavior & Organization, Elsevier, vol. 70(3), pages 470-484, June.
    15. Alexandros Karakostas & Axel Sonntag & Daniel John Zizzo, 2013. "Efficiency and Fairness in Revenue Sharing Contracts," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 13-03, School of Economics, University of East Anglia, Norwich, UK..
    16. Fredrik Carlsson & Peter Martinsson & Ping Qin & Matthias Sutter, 2013. "The influence of spouses on household decision making under risk: an experiment in rural China," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 383-401, September.
    17. Loerakker, Ben & Bault, Nadège & Hoyer, Maximilian & van Winden, Frans, 2022. "On the Development of Cooperative and Antagonistic Relationships in Public Good Environments. A Model-Based Experimental Study," OSF Preprints wur7c, Center for Open Science.
    18. Bolle, Friedel & Liepmann, Hannah & Vogel, Claudia, 2012. "How much social insurance do you want? An experimental study," Journal of Economic Psychology, Elsevier, vol. 33(6), pages 1170-1181.
    19. Pradiptyo, Rimawan & Sahadewo, Gumilang Aryo, 2012. "On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach," MPRA Paper 40045, University Library of Munich, Germany.
    20. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    21. Temerario, Tiziana, 2014. "Individual and Group Behaviour Toward Risk: A Short Survey," MPRA Paper 58079, University Library of Munich, Germany.

Articles

  1. Enrica Carbone & John Hey & Tibor Neugebauer, 2021. "An Experimental Comparison of Two Exchange Economies: Long-Lived Asset vs. Short-Lived Asset," Management Science, INFORMS, vol. 67(11), pages 6946-6962, November.

    Cited by:

    1. Jieyi Duan & Nobuyuki Hanaki, 2021. "The impact of asset purchases in an experimental market with consumption smoothing motives," ISER Discussion Paper 1147r, Institute of Social and Economic Research, Osaka University, revised Sep 2022.
    2. Miller, Logan & Rholes, Ryan, 2023. "Joint vs. Individual performance in a dynamic choice problem," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 897-934.

  2. Konstantinos Georgalos & John Hey, 2020. "Testing for the emergence of spontaneous order," Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 912-932, September.

    Cited by:

    1. Victor Klockmann & Alicia von Schenk & Ferdinand von Siemens, 2021. "Division of Labor and the Organization of Knowledge in Production: A Laboratory Experiment," CESifo Working Paper Series 8822, CESifo.

  3. Oben K. Bayrak & John D. Hey, 2020. "Understanding Preference Imprecision," Journal of Economic Surveys, Wiley Blackwell, vol. 34(1), pages 154-174, February.
    See citations under working paper version above.
  4. Oben K. Bayrak & John D. Hey, 2020. "Decisions under risk: Dispersion and skewness," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 1-24, August.
    See citations under working paper version above.
  5. Oben K. Bayrak & John D. Hey, 2017. "Expected utility theory with imprecise probability perception: explaining preference reversals," Applied Economics Letters, Taylor & Francis Journals, vol. 24(13), pages 906-910, July.

    Cited by:

    1. HORAN, Sean & MANZINI, Paola, 2018. "Precision may harm: The comparative statics of imprecise judgement," Cahiers de recherche 2018-13, Universite de Montreal, Departement de sciences economiques.
    2. Charles-Cadogan, G., 2021. "Incoherent Preferences," CRETA Online Discussion Paper Series 69, Centre for Research in Economic Theory and its Applications CRETA.
    3. Horan, Sean & Manzini, Paola & Mariotti, Marco, 2022. "When is coarseness not a curse? Comparative statics of the coarse random utility model," Journal of Economic Theory, Elsevier, vol. 202(C).

  6. Enrica Carbone & Xueqi Dong & John Hey, 2017. "Elicitation of preferences under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 54(2), pages 87-102, April.

    Cited by:

    1. Elisa Cavatorta & David Schröder, 2019. "Measuring ambiguity preferences: A new ambiguity preference survey module," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 71-100, February.
    2. Scott DeAngelis & W. Kip Viscusi, 2020. "When to Walk Away and When to Risk It All," Journal of Sports Economics, , vol. 21(5), pages 525-547, June.
    3. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    4. Doron Sonsino & Yaron Lahav & Yefim Roth, 2022. "Reaching for Returns in Retail Structured Investment," Management Science, INFORMS, vol. 68(1), pages 466-486, January.

  7. John D. Hey & Yudistira Permana & Nuttaporn Rochanahastin, 2017. "When and how to satisfice: an experimental investigation," Theory and Decision, Springer, vol. 83(3), pages 337-353, October.

    Cited by:

    1. Eduardo Monte Jorge Hey Martins & Jaylson Jair da Silveira & Gilberto Tadeu Lima, 2021. "Heterogeneity in the extraction of labor from labor power and persistence of wage inequality," Metroeconomica, Wiley Blackwell, vol. 72(2), pages 260-285, May.
    2. Gilberto Tadeu Lima & Mark Setterfield & Jaylson Jair da Silveira, 2023. "Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound," Working Papers 2301, New School for Social Research, Department of Economics.
    3. da Silveira, Jaylson Jair & Lima, Gilberto Tadeu, 2021. "Wage inequality as a source of endogenous macroeconomic fluctuations," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 35-52.
    4. Yudistira Permana, 2020. "Explaining satisficing through risk aversion," Theory and Decision, Springer, vol. 89(4), pages 503-525, November.
    5. Daniela Di Cagno & Arianna Galliera & Werner Güth & Noemi Pace, 2017. "Behavioral Patterns and Reduction of Sub-Optimality: An Experimental Choice Analysis," Working Papers 2017:23, Department of Economics, University of Venice "Ca' Foscari".
    6. Stephan Billinger & Kannan Srikanth & Nils Stieglitz & Terry R. Schumacher, 2021. "Exploration and exploitation in complex search tasks: How feedback influences whether and where human agents search," Strategic Management Journal, Wiley Blackwell, vol. 42(2), pages 361-385, February.
    7. Chen, Si & Schildberg-Hörisch, Hannah, 2018. "Looking at the Bright Side: The Motivation Value of Overconfidence," IZA Discussion Papers 11564, Institute of Labor Economics (IZA).
    8. Leonardo Barros Torres & Gilberto Tadeu Lima & Jaylson Jair da Silveira, 2024. "Endogenous Tax Compliance and Macroeconomic Performance Driven by Satisficing Evolutionary Dynamics," Working Papers, Department of Economics 2024_10, University of São Paulo (FEA-USP).
    9. Daniela Di Cagno & Werner Güth & Noemi Pace, 2021. "Experimental evidence of behavioral improvement by learning and intermediate advice," Theory and Decision, Springer, vol. 91(2), pages 173-187, September.

  8. John Hey, 2014. "My experimental meanderings," Theory and Decision, Springer, vol. 77(3), pages 291-295, October.

    Cited by:

    1. Andreas C. Drichoutis & Varvara Kechagia, 2016. "The effect of olfactory sensory cues on economic decision making," Working Papers 2016-4, Agricultural University of Athens, Department Of Agricultural Economics.
    2. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.

  9. John Hey & Noemi Pace, 2014. "The explanatory and predictive power of non two-stage-probability theories of decision making under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 49(1), pages 1-29, August.
    See citations under working paper version above.
  10. John Bone & John Hey & John Suckling, 2014. "What price compromise?," Theory and Decision, Springer, vol. 77(3), pages 359-376, October.

    Cited by:

    1. Fabio Galeotti & Maria Montero & Anders Poulsen, 2015. "Efficiency versus equality in real-time bargaining with communication," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 15-18, School of Economics, University of East Anglia, Norwich, UK..
    2. Fabio Galeotti & Maria Montero & Anders Poulsen, 2015. "Efficiency versus Equality in Bargaining," Discussion Papers 2015-18, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

  11. John Hey & Wenting Zhou, 2014. "Do past decisions influence future decisions?," Applied Economics Letters, Taylor & Francis Journals, vol. 21(3), pages 152-157, February.

    Cited by:

    1. Segovia, Michelle & Palma, Marco & Lusk, Jayson L. & Drichoutis, Andreas, 2022. "Visual formats in risk preference elicitation: What catches the eye?," MPRA Paper 115572, University Library of Munich, Germany.
    2. Andreas C. Drichoutis & Varvara Kechagia, 2016. "The effect of olfactory sensory cues on economic decision making," Working Papers 2016-4, Agricultural University of Athens, Department Of Agricultural Economics.
    3. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.

  12. Anna Conte & John Hey, 2013. "Assessing multiple prior models of behaviour under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 113-132, April.
    See citations under working paper version above.
  13. Ricardo Gonçalves & John Hey, 2011. "Experimental Evidence On English Auctions: Oral Outcry Versus Clock," Bulletin of Economic Research, Wiley Blackwell, vol. 63(4), pages 313-352, October.

    Cited by:

    1. Theo Offerman & Giorgia Romagnoli & Andreas Ziegler, 2022. "Why are open ascending auctions popular? The role of information aggregation and behavioral biases," Quantitative Economics, Econometric Society, vol. 13(2), pages 787-823, May.
    2. Gonçalves, Ricardo & Ray, Indrajit, 2017. "Partition Equilibria in a Japanese-English Auction with Discrete Bid Levels for the Wallet Game," CRETA Online Discussion Paper Series 34, Centre for Research in Economic Theory and its Applications CRETA.
    3. Ingebretsen Carlson, Jim & Wu, Tingting, 2022. "Shill bidding and information in eBay auctions: A Laboratory study," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 341-360.
    4. Gonçalves, Ricardo & Ray, Indrajit, 2017. "A note on the wallet game with discrete bid levels," Economics Letters, Elsevier, vol. 159(C), pages 177-179.
    5. Ingebretsen Carlson, Jim & Wu, Tingting, 2018. "Shill Bidding and Information in Sequential Auctions: A Laboratory Study," Working Papers 2018:18, Lund University, Department of Economics.
    6. Gon alves, Ricardo & Ray, Indrajit, 2016. "Equilibria in a Japanese-English Auction with Discrete Bid Levels for the Wallet Game," Cardiff Economics Working Papers E2016/13, Cardiff University, Cardiff Business School, Economics Section.

  14. John Hey & Carmen Pasca, 2011. "On choosing a constitution (at least the part relating to the distribution of income)," Applied Economics Letters, Taylor & Francis Journals, vol. 18(13), pages 1213-1217.

    Cited by:

    1. İbrahim Erdem SEÇİLMİŞ, 2014. "Seniority: A Blessing or A Curse? The Effect of Economics Training on the Perception of Distributive Justice," Sosyoekonomi Journal, Sosyoekonomi Society, issue 22(22).
    2. John Bone & Paolo Crosetto & John D. Hey & Carmen Pasca, 2013. "Change versus choice: eliciting attitudes to fair compensations," Jena Economics Research Papers 2013-029, Friedrich-Schiller-University Jena.

  15. Conte, Anna & Hey, John D. & Moffatt, Peter G., 2011. "Mixture models of choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 79-88, May.
    See citations under working paper version above.
  16. John Hey & Luca Panaccione, 2011. "Dynamic decision making: what do people do?," Journal of Risk and Uncertainty, Springer, vol. 42(2), pages 85-123, April.

    Cited by:

    1. Konstantinos Georgalos, 2019. "An experimental test of the predictive power of dynamic ambiguity models," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 51-83, August.
    2. Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
    3. Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
    4. Jinrui Pan & Craig Webb & Horst Zank, 2013. "Discounting the Subjective Present and Future," Economics Discussion Paper Series 1305, Economics, The University of Manchester.
    5. Antoine Nebout & Marc Willinger, 2014. "Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence," Working Papers 14-08, LAMETA, Universtiy of Montpellier, revised Jul 2014.
    6. Chen, An & Hentschel, Felix & Steffensen, Mogens, 2021. "On retirement time decision making," Insurance: Mathematics and Economics, Elsevier, vol. 100(C), pages 107-129.
    7. Robson, Matthew, 2021. "Inequality aversion, self-interest and social connectedness," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 744-772.
    8. He, Lin & Liang, Zongxia & Song, Yilun & Ye, Qi, 2022. "Optimal asset allocation, consumption and retirement time with the variation in habitual persistence," Insurance: Mathematics and Economics, Elsevier, vol. 102(C), pages 188-202.
    9. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.
    10. Pan, Jinrui & Webb, Craig S. & Zank, Horst, 2015. "An extension of quasi-hyperbolic discounting to continuous time," Games and Economic Behavior, Elsevier, vol. 89(C), pages 43-55.
    11. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    12. Kirill Borissov, 2011. "Growth and Distribution in a Model with Endogenous Time Peferences and Borrowing Constraints," DEGIT Conference Papers c016_073, DEGIT, Dynamics, Economic Growth, and International Trade.
    13. James Alm & James C. Cox & Vjollca Sadiraj, 2018. "Audit State Dependent Taxpayer Compliance: Theory and Evidence from Colombia," Experimental Economics Center Working Paper Series 2018-06, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Aug 2019.
    14. Pablo Mira, 2023. "Consumption and Fluctuations: What Role for Behavioral Economics?," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(82), pages 98-127, November.
    15. Lin He & Zongxia Liang & Yilun Song & Qi Ye, 2021. "Optimal Retirement Time and Consumption with the Variation in Habitual Persistence," Papers 2103.16800, arXiv.org.
    16. Brück, Florian & Fermanian, Jean-David & Min, Aleksey, 2023. "A corrected Clarke test for model selection and beyond," Journal of Econometrics, Elsevier, vol. 235(1), pages 105-132.
    17. A. Nebout & D. Dubois, 2014. "When Allais meets Ulysses: Dynamic axioms and the common ratio effect," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 19-49, February.
    18. Rocco Caferra & John D. Hey & Andrea Morone & Marco Santorsola, 2023. "Dynamic inconsistency under ambiguity: An experiment," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 215-238, December.

  17. Hey, John D. & Knoll, Julia A., 2011. "Strategies in dynamic decision making - An experimental investigation of the rationality of decision behaviour," Journal of Economic Psychology, Elsevier, vol. 32(3), pages 399-409, June.

    Cited by:

    1. Yasufumi Gemma, 2016. "Money Illusion Matters for Consumption-Saving Decision-Making: An Experimental Investigation," IMES Discussion Paper Series 16-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
    2. Tetsuo Yamamori & Kazuyuki Iwata & Akira Ogawa, 2014. "An Experimental Study of Money Illusion in Intertemporal Decision Making," Working Papers e085, Tokyo Center for Economic Research.
    3. Amit Kothiyal & Vitalie Spinu & Peter Wakker, 2014. "An experimental test of prospect theory for predicting choice under ambiguity," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 1-17, February.
    4. Hazhir Rahmandad & Jerker Denrell & Drazen Prelec, 2021. "What makes dynamic strategic problems difficult? Evidence from an experimental study," Strategic Management Journal, Wiley Blackwell, vol. 42(5), pages 865-897, May.
    5. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.
    6. Sinitskaya, Ekaterina, 2014. "Computational modeling of an economy using elements of artificial intelligence," ISU General Staff Papers 201401010800005291, Iowa State University, Department of Economics.
    7. Dragomirescu-Gaina, Catalin & Philippas, Dionisis & Tsionas, Mike G., 2021. "Trading off accuracy for speed: Hedge funds' decision-making under uncertainty," International Review of Financial Analysis, Elsevier, vol. 75(C).
    8. Yamamori, Tetsuo & Iwata, Kazuyuki & Ogawa, Akira, 2018. "Does money illusion matter in intertemporal decision making?," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 465-473.
    9. Miller, Logan & Rholes, Ryan, 2023. "Joint vs. Individual performance in a dynamic choice problem," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 897-934.

  18. John Hey & Gianna Lotito & Anna Maffioletti, 2010. "The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 81-111, October.
    See citations under working paper version above.
  19. John Hey & Tibor Neugebauer & Abdolkarim Sadrieh, 2009. "An Experimental Analysis of Optimal Renewable Resource Management: The Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(2), pages 263-285, October.
    See citations under working paper version above.
  20. John Hey & Andrea Morone & Ulrich Schmidt, 2009. "Noise and bias in eliciting preferences," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 213-235, December.
    See citations under working paper version above.
  21. John Bone & John Hey & John Suckling, 2009. "Do people plan?," Experimental Economics, Springer;Economic Science Association, vol. 12(1), pages 12-25, March.
    See citations under working paper version above.
  22. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    See citations under working paper version above.
  23. Hey, John D. & Knoll, Julia A., 2007. "How far ahead do people plan?," Economics Letters, Elsevier, vol. 96(1), pages 8-13, July.
    See citations under working paper version above.
  24. John D. Hey & Massimo Paradiso, 2006. "Preferences Over Temporal Frames In Dynamic Decision Problems: An Experimental Investigation," Manchester School, University of Manchester, vol. 74(2), pages 123-137, March.

    Cited by:

    1. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    2. Antoine Nebout & Marc Willinger, 2014. "Are Non-Expected Utility individuals really Dynamically Inconsistent? Experimental Evidence," Working Papers 14-08, LAMETA, Universtiy of Montpellier, revised Jul 2014.
    3. John D. Hey & Luca Panaccione, 2018. "Dynamic decision making: what do people do?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 10, pages 235-273, World Scientific Publishing Co. Pte. Ltd..
    4. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.
    5. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    6. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    7. Rocco Caferra & John D. Hey & Andrea Morone & Marco Santorsola, 2023. "Dynamic inconsistency under ambiguity: An experiment," Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 215-238, December.
    8. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).
    9. Hammond, Peter J. & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," Economic Research Papers 270426, University of Warwick - Department of Economics.

  25. John Hey & Jinkwon Lee, 2005. "Do subjects remember the past?," Applied Economics, Taylor & Francis Journals, vol. 37(1), pages 9-18.

    Cited by:

    1. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    2. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    3. Roxane Bricet, 2018. "Precise versus imprecise datasets: revisiting ambiguity attitudes in the Ellsberg paradox," THEMA Working Papers 2018-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    4. Paul J. Healy & Yaron Azrieli & Christopher P. Chambers, 2016. "Incentives in Experiments with Objective Lotteries," Working Papers 16-04, Ohio State University, Department of Economics.
    5. John Hey & Jinkwon Lee, 2005. "Do Subjects Separate (or Are They Sophisticated)?," Experimental Economics, Springer;Economic Science Association, vol. 8(3), pages 233-265, September.
    6. Stephan Jagau & Theo (T.J.S.) Offerman, 2017. "Defaults, Normative Anchors and the Occurrence of Risky and Cautious Shifts," Tinbergen Institute Discussion Papers 17-083/I, Tinbergen Institute.
    7. James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
    8. Guido Baltussen & G. Post & Martijn Assem & Peter Wakker, 2012. "Random incentive systems in a dynamic choice experiment," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 418-443, September.
    9. Jacinto Braga & Steven Humphrey & Chris Starmer, 2006. "Market Experience Eliminates Some Anomalies – And Creates New Ones," Discussion Papers 2006-19, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    10. James C. Cox & Vjollca Sadiraj, 2018. "Incentives," Experimental Economics Center Working Paper Series 2018-01, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    11. Cox, James C. & Sadiraj, Vjollca & Schmidt, Ulrich, 2014. "Asymmetrically Dominated Choice Problems, the Isolation Hypothesis and Random Incentive Mechanisms," MPRA Paper 54722, University Library of Munich, Germany.
    12. Yaron Azrieli & Christopher P. Chambers & Paul J. Healy, 2018. "Incentives in Experiments: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1472-1503.
    13. Christopher Y. Olivola & Stephanie W. Wang, 2016. "Patience auctions: the impact of time vs. money bidding on elicited discount rates," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 864-885, December.
    14. Lucy F. Ackert & Ann B. Gillette & Jorge Martinez-Vazquez & Mark Rider, 2009. "Risk Tolerance, Self-Interest, and Social Preferences," Experimental Economics Center Working Paper Series 2009-04, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Feb 2011.
    15. Lucy Ackert & Ann Gillette & Jorge Martinez-Vazquez & Mark Rider, 2011. "Are benevolent dictators altruistic in groups? A within-subject design," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 307-321, September.
    16. Samiran Banerjee & James Murphy, 2011. "Do rational demand functions differ from irrational ones? Evidence from an induced budget experiment," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3863-3882.
    17. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.
    18. Jinkwon Lee, 2007. "Repetition And Financial Incentives In Economics Experiments," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 628-681, July.
    19. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.

  26. John Hey & Jinkwon Lee, 2005. "Do Subjects Separate (or Are They Sophisticated)?," Experimental Economics, Springer;Economic Science Association, vol. 8(3), pages 233-265, September.

    Cited by:

    1. John Hey & Andrea Morone & Ulrich Schmidt, 2009. "Noise and bias in eliciting preferences," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 213-235, December.
    2. Morone, Andrea, 2010. "On price data elicitation: A laboratory investigation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(5), pages 540-545, October.
    3. Lindner, Florian & Kirchler, Michael & Rosenkranz, Stephanie & Weitzel, Utz, 2021. "Social Motives and Risk-Taking in Investment Decisions," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    4. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    5. Rodriguez-Lara, Ismael & Ponti, Giovanni, 2017. "Social Motives vs Social Influence: an Experiment on Time Preferences," MPRA Paper 76486, University Library of Munich, Germany.
    6. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    7. Paul J. Healy & Yaron Azrieli & Christopher P. Chambers, 2016. "Incentives in Experiments with Objective Lotteries," Working Papers 16-04, Ohio State University, Department of Economics.
    8. Kirchler, Michael & Lindner, Florian & Weitzel, Utz, 2020. "Delegated investment decisions and rankings," Journal of Banking & Finance, Elsevier, vol. 120(C).
    9. Stephan Jagau & Theo (T.J.S.) Offerman, 2017. "Defaults, Normative Anchors and the Occurrence of Risky and Cautious Shifts," Tinbergen Institute Discussion Papers 17-083/I, Tinbergen Institute.
    10. Comeig, Irene & Holt, Charles & Jaramillo-Gutiérrez, Ainhoa, 2022. "Upside versus downside risk: Gender, stakes, and skewness," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 21-30.
    11. Ferdinand M. Vieider, 2008. "Separating Real Incentives and Accountability," Tinbergen Institute Discussion Papers 08-055/1, Tinbergen Institute.
    12. Ola Mahmoud, 2022. "The Willingness to Pay for Diversification," Management Science, INFORMS, vol. 68(8), pages 6235-6249, August.
    13. Jonathan Chapman & Mark Dean & Pietro Ortoleva & Erik Snowberg & Colin Camerer, 2018. "Econographics," CESifo Working Paper Series 7202, CESifo.
      • Jonathan Chapman & Mark Dean & Pietro Ortoleva & Erik Snowberg & Colin Camerer, 2018. "Econographics," NBER Working Papers 24931, National Bureau of Economic Research, Inc.
    14. André de Palma & Nathalie Picard & Anthony Ziegelmeyer, 2009. "Individual and couple decision behavior under risk: Evidence on the dynamics of power balance," Working Papers hal-00418899, HAL.
    15. Katerina Sherstyuk & Nori Tarui & Majah-Leah Ravago & Tatsuyoshi Saijo, 2011. "Payment schemes in random-termination experimental games," Working Papers 201102, University of Hawaii at Manoa, Department of Economics.
    16. Fiore, Annamaria, 2009. "Experimental Economics: Some Methodological Notes," MPRA Paper 12498, University Library of Munich, Germany.
    17. James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
    18. Jonathan Chapman & Pietro Ortoleva & Erik Snowberg & Colin Camerer & Mark Dean, 2017. "Willingness-To-Pay and Willingness-To-Accept are Probably Less Correlated than You Think," CESifo Working Paper Series 6492, CESifo.
    19. Ozlem Ozdemir & Andrea Morone, 2012. "Black Swan Protection: an Experimental Investigation," Working Papers 2012/12, Economics Department, Universitat Jaume I, Castellón (Spain).
    20. Ilke Aydogan & Loïc Berger & Valentina Bosetti & Ning Liu, 2022. "Three layers of uncertainty," Working Papers hal-03031751, HAL.
    21. Mathieu Lefebvre & Ferdinand Vieider & Marie Claire Villeval, 2011. "The Ratio Bias Phenomenon : Fact or Artifact ?," Post-Print halshs-00435956, HAL.
    22. Patrick DeJarnette & David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2014. "Time Lotteries and Stochastic Impatience," PIER Working Paper Archive 18-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 13 Jun 2018.
    23. Guido Baltussen & G. Post & Martijn Assem & Peter Wakker, 2012. "Random incentive systems in a dynamic choice experiment," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 418-443, September.
    24. Denis Shishkin & Pietro Ortoleva, 2021. "Ambiguous Information and Dilation: An Experiment," Working Papers 2020-53, Princeton University. Economics Department..
    25. van Bruggen, Paul & Heufer, Jan, 2017. "Afriat in the lab," Journal of Economic Theory, Elsevier, vol. 169(C), pages 546-550.
    26. Patrick DeJarnette & David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2015. "Time Lotteries," PIER Working Paper Archive 15-026, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 31 Jul 2015.
    27. Chen, Daniel L. & Schonger, Martin, 2016. "Social preferences or sacred values? Theroy and evidence of deontological motivations," IAST Working Papers 16-59, Institute for Advanced Study in Toulouse (IAST).
    28. Doron Sonsino & Tal Shavit, 2014. "Return prediction and stock selection from unidentified historical data," Quantitative Finance, Taylor & Francis Journals, vol. 14(4), pages 641-655, April.
    29. Katerina Sherstyuk & Nori Tarui & Tatsuyoshi Saijo, 2013. "Payment schemes in infinite-horizon experimental games," Experimental Economics, Springer;Economic Science Association, vol. 16(1), pages 125-153, March.
    30. Ulrich Schmidt & Christian Seidl, 2014. "Reconsidering the common ratio effect: the roles of compound independence, reduction, and coalescing," Theory and Decision, Springer, vol. 77(3), pages 323-339, October.
    31. Jacinto Braga & Steven Humphrey & Chris Starmer, 2006. "Market Experience Eliminates Some Anomalies – And Creates New Ones," Discussion Papers 2006-19, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    32. Anna Conte & Maria Vittoria Levati & Chiara Nardi, 2014. "Risk preferences and the role of emotions," Working Papers 10/2014, University of Verona, Department of Economics.
    33. Robin Cubitt & Gijs Kuilen & Sujoy Mukerji, 2018. "The strength of sensitivity to ambiguity," Theory and Decision, Springer, vol. 85(3), pages 275-302, October.
    34. David J. Freeman & Guy Mayraz, 2019. "Why choice lists increase risk taking," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 131-154, March.
    35. Michael Kirchler & Florian Lindner & Utz Weitzel, 2016. "Rankings and Risk-Taking in the Finance Industry," Working Papers 2016-02, Faculty of Economics and Statistics, Universität Innsbruck, revised Mar 2018.
    36. Hajimoladarvish, Narges, 2018. "How do people reduce compound lotteries?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 75(C), pages 126-133.
    37. Drichoutis, Andreas & Nayga, Rodolfo, 2013. "A reconciliation of time preference elicitation methods," MPRA Paper 46916, University Library of Munich, Germany, revised 12 May 2013.
    38. Andreoni, James, 2007. "Giving gifts to groups: How altruism depends on the number of recipients," Journal of Public Economics, Elsevier, vol. 91(9), pages 1731-1749, September.
    39. Nagore Iriberri & Pedro Rey-Biel, 2008. "The role of role uncertainty in modified dictator games," Economics Working Papers 1147, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2010.
    40. Victor H. Gonzalez-Jimenez, 2019. "Contracting Probability Distortions," Vienna Economics Papers vie1901, University of Vienna, Department of Economics.
    41. Marianne Lefebvre, 2011. "Sharing Rules for Common-Pool Resources when Self-insurance is Available: an Experiment," Working Papers 11-22, LAMETA, Universtiy of Montpellier, revised Jun 2012.
    42. Irene Comeig & Charles A. Holt & Ainhoa Jaramillo-Gutiérrez, 2015. "Dealing with risk: Gender, stakes, and probability effects," Discussion Papers in Economic Behaviour 0215, University of Valencia, ERI-CES.
    43. Martin G. Kocher & Julius Pahlke & Stefan T. Trautmann, 2013. "Tempus Fugit : Time Pressure in Risky Decisions," Management Science, INFORMS, vol. 59(10), pages 2380-2391, October.
    44. Thomas Demuynck, 2015. "Statistical inference for measures of predictive success," Theory and Decision, Springer, vol. 79(4), pages 689-699, December.
    45. Florian Lindner & Michael Kirchler & Stephanie Rosenkranz & Utz Weitzel, 2019. "Social Status and Risk-Taking in Investment Decisions," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2019_07, Max Planck Institute for Research on Collective Goods.
    46. Michael Kirchler & Florian Lindner & Utz Weitzel, 2018. "Delegated Decision Making and Social Competition in the Finance Industry," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2018_08, Max Planck Institute for Research on Collective Goods.
    47. Patrick DeJarnette & David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2014. "Time Lotteries, Second Version," PIER Working Paper Archive 15-026v2, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 12 Jan 2018.
    48. James C. Cox & Vjollca Sadiraj, 2018. "Incentives," Experimental Economics Center Working Paper Series 2018-01, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    49. Füllbrunn, Sascha & Rau, Holger A. & Weitzel, Utz, 2014. "Does ambiguity aversion survive in experimental asset markets?," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 810-826.
    50. Füllbrunn, Sascha & Rau, Holger & Weitzel, Utz, 2013. "Do ambiguity effects survive in experimental asset markets?," MPRA Paper 44700, University Library of Munich, Germany.
    51. Carpenter, Jeffrey & Hans Matthews, Peter & Robbett, Andrea, 2017. "Compensating differentials in experimental labor markets," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 69(C), pages 50-60.
    52. Yaron Azrieli & Christopher P. Chambers & Paul J. Healy, 2018. "Incentives in Experiments: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1472-1503.
    53. Antoni Bosch-Domènech & Joaquim Silvestre, 2006. "Risk aversion and embedding bias," Economics Working Papers 934, Department of Economics and Business, Universitat Pompeu Fabra.
    54. Ozge Dinc‐Cavlak & Ozlem Ozdemir, 2021. "Comparing the willingness to pay through three elicitation mechanisms: An experimental evidence for organic egg product," Agribusiness, John Wiley & Sons, Ltd., vol. 37(4), pages 782-803, October.
    55. Christopher Y. Olivola & Stephanie W. Wang, 2016. "Patience auctions: the impact of time vs. money bidding on elicited discount rates," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 864-885, December.
    56. Stefan Zeisberger, 2022. "Do people care about loss probabilities?," Journal of Risk and Uncertainty, Springer, vol. 65(2), pages 185-213, October.
    57. Víctor González-Jiménez, 2021. "Incentive contracts when agents distort probabilities," Vienna Economics Papers vie2101, University of Vienna, Department of Economics.
    58. Giovanni Ponti & Ismael Rodriguez-Lara & Daniela Di Cagno, 2014. "Doing it now or later with payoff externalities: Experimental evidence on social time preferences," Working Papers CESARE 1/2014, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    59. Christos A. Ioannou & Jana Sadeh, 2016. "Time preferences and risk aversion: Tests on domain differences," Journal of Risk and Uncertainty, Springer, vol. 53(1), pages 29-54, August.
    60. Yen-Sheng Chiang, 2015. "Good Samaritans in Networks: An Experiment on How Networks Influence Egalitarian Sharing and the Evolution of Inequality," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-13, June.
    61. Jonathan Chapman & Erik Snowberg & Stephanie Wang & Colin Camerer, 2018. "Loss Attitudes in the U.S. Population: Evidence from Dynamically Optimized Sequential Experimentation (DOSE)," NBER Working Papers 25072, National Bureau of Economic Research, Inc.
    62. Jinkwon Lee & Uk Hwang, 2016. "Hypothetical Bias in Risk Preferences as a Driver of Hypothetical Bias in Willingness to Pay: Experimental Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(4), pages 789-811, December.
    63. Alain Cohn & Ernst Fehr & Michel André Maréchal, 2017. "Do Professional Norms in the Banking Industry Favor Risk-taking?," CESifo Working Paper Series 6398, CESifo.
    64. Annarita Colasante & Matteo M. Marini & Alberto Russo, 2018. "Incidental emotions and risk-taking: An experimental analysis," Working Papers 2018/13, Economics Department, Universitat Jaume I, Castellón (Spain).
    65. Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
    66. A. Nebout & D. Dubois, 2014. "When Allais meets Ulysses: Dynamic axioms and the common ratio effect," Journal of Risk and Uncertainty, Springer, vol. 48(1), pages 19-49, February.
    67. Shishkin, Denis & Ortoleva, Pietro, 2023. "Ambiguous information and dilation: An experiment," Journal of Economic Theory, Elsevier, vol. 208(C).
    68. Andrea Robbett & Michael K. Graham & Peter Hans Matthews, 2016. "Revenue Implications of Strategic and External Auction Risk," Games, MDPI, vol. 7(1), pages 1-18, January.
    69. Bi, Qingqing & Boh, Wai Fong & Christopoulos, Georgios, 2021. "Trust, fast and slow: A comparison study of the trust behaviors of entrepreneurs and non-entrepreneurs," Journal of Business Venturing, Elsevier, vol. 36(6).
    70. Ozlem Ozdemir & Andrea Morone, 2014. "An experimental investigation of insurance decisions in low probability and high loss risk situations," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 53-67, April.
    71. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.
    72. Dean Spears, 2013. "Poverty and probability: aspiration and aversion to compound lotteries in El Salvador and India," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 263-284, September.
    73. Cardenas, Juan Camilo & Carpenter, Jeffrey, 2013. "Risk attitudes and economic well-being in Latin America," Journal of Development Economics, Elsevier, vol. 103(C), pages 52-61.
    74. Gruener, Sven & Hirschauer, Norbert & Krüger, Felix, 2018. "Eliciting individual risk attitudes – different procedures, different findings," SocArXiv 7bwyq, Center for Open Science.
    75. John Hey & Gianna Lotito & Anna Maffioletti, 2010. "The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 81-111, October.
    76. Collins, Jill P. & Vossler, Christian A., 2009. "Incentive compatibility tests of choice experiment value elicitation questions," Journal of Environmental Economics and Management, Elsevier, vol. 58(2), pages 226-235, September.
    77. Brokesova, Zuzana & Deck, Cary & Peliova, Jana, 2017. "Comparing a risky choice in the field and across lab procedures," Journal of Economic Psychology, Elsevier, vol. 61(C), pages 203-212.
    78. Jinkwon Lee, 2007. "Repetition And Financial Incentives In Economics Experiments," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 628-681, July.
    79. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).
    80. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    81. James Andreoni, 2006. "Giving Gifts to Groups: How Congestible is Altruism?," Levine's Bibliography 321307000000000166, UCLA Department of Economics.
    82. Giuseppe Attanasi & Christian Gollier & Aldo Montesano & Noemi Pace, 2014. "Eliciting ambiguity aversion in unknown and in compound lotteries: a smooth ambiguity model experimental study," Theory and Decision, Springer, vol. 77(4), pages 485-530, December.
    83. Jonathan Chapman & Mark Dean & Pietro Ortoleva & Erik Snowberg & Colin Camerer, 2020. "Econographics," Working Papers 2020-75, Princeton University. Economics Department..
    84. Jonathan Chapman & Mark Dean & Pietro Ortoleva & Erik Snowberg & Colin Camerer, 2021. "On the Relation between Willingness to Accept and Willingness to Pay," Working Papers 2021-90, Princeton University. Economics Department..
    85. Rodriguez-Lara, Ismael & Ponti, Giovanni, 2017. "Social motives vs social influence: An experiment on interdependent time preferences," Games and Economic Behavior, Elsevier, vol. 105(C), pages 177-194.

  27. John Hey, 2005. "Why We Should Not Be Silent About Noise," Experimental Economics, Springer;Economic Science Association, vol. 8(4), pages 325-345, December.

    Cited by:

    1. John Hey & Gianna Lotito, 2009. "Naive, resolute or sophisticated? A study of dynamic decision making," Journal of Risk and Uncertainty, Springer, vol. 38(1), pages 1-25, February.
    2. Adam S. Booij & Bernard M.S. Van Praag & Gijs Van De Kuilen & Bernard M.S. van Praag, 2009. "A Parametric Analysis of Prospect Theory's Functionals for the General Population," CESifo Working Paper Series 2609, CESifo.
    3. Yves Breitmoser, 2021. "An axiomatic foundation of conditional logit," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 245-261, July.
    4. Glenn Harrison, 2007. "House money effects in public good experiments: Comment," Experimental Economics, Springer;Economic Science Association, vol. 10(4), pages 429-437, December.
    5. Harrison, Glenn W., 2008. "Neuroeconomics: A Critical Reconsideration," Economics and Philosophy, Cambridge University Press, vol. 24(3), pages 303-344, November.
    6. Sarah Jacobson & Ragan Petrie, 2009. "Learning from mistakes: What do inconsistent choices over risk tell us?," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 143-158, April.
    7. Ryan Webb, 2019. "The (Neural) Dynamics of Stochastic Choice," Management Science, INFORMS, vol. 65(1), pages 230-255, January.
    8. Pavlo R. Blavatskyy & Ganna Pogrebna, 2010. "Models of stochastic choice and decision theories: why both are important for analyzing decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(6), pages 963-986.
    9. Andreas C. Drichoutis & Varvara Kechagia, 2016. "The effect of olfactory sensory cues on economic decision making," Working Papers 2016-4, Agricultural University of Athens, Department Of Agricultural Economics.
    10. Chen Li & Zhihua Li & Peter Wakker, 2014. "If nudge cannot be applied: a litmus test of the readers’ stance on paternalism," Theory and Decision, Springer, vol. 76(3), pages 297-315, March.
    11. Adrian Bruhin & Maha Manai & Luis Santos-Pinto, 2019. "Risk and Rationality:The Relative Importance of Probability Weighting and Choice Set Dependence," Cahiers de Recherches Economiques du Département d'économie 19.05, Université de Lausanne, Faculté des HEC, Département d’économie.
    12. Jacinto Braga & Steven Humphrey & Chris Starmer, 2006. "Market Experience Eliminates Some Anomalies – And Creates New Ones," Discussion Papers 2006-19, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    13. Anna Conte & Maria Vittoria Levati & Chiara Nardi, 2014. "Risk preferences and the role of emotions," Working Papers 10/2014, University of Verona, Department of Economics.
    14. Clithero, John A., 2018. "Response times in economics: Looking through the lens of sequential sampling models," Journal of Economic Psychology, Elsevier, vol. 69(C), pages 61-86.
    15. Breitmoser, Yves, 2013. "Estimation of social preferences in generalized dictator games," Economics Letters, Elsevier, vol. 121(2), pages 192-197.
    16. Goeree, Jacob K. & Holt, Charles A. & Palfrey, Thomas R., 2004. "Regular quantal response equilibrium," Working Papers 1203, California Institute of Technology, Division of the Humanities and Social Sciences.
    17. Di Caprio, Debora & Santos-Arteaga, Francisco J., 2011. "Cardinal versus ordinal criteria in choice under risk with disconnected utility ranges," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 588-594.
    18. Bolle, Friedel & Breitmoser, Yves & Otto, Philipp E., 2011. "A positive theory of cooperative games: The logit core and its variants," MPRA Paper 32918, University Library of Munich, Germany.
    19. Breitmoser, Yves, 2017. "Discrete Choice with Presentation Effects," Rationality and Competition Discussion Paper Series 35, CRC TRR 190 Rationality and Competition.
    20. Andreas C Drichoutis & Jayson L Lusk, 2014. "Judging Statistical Models of Individual Decision Making under Risk Using In- and Out-of-Sample Criteria," PLOS ONE, Public Library of Science, vol. 9(7), pages 1-13, July.
    21. Wilcox, Nathaniel T., 2011. "'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
    22. Petrolia, Daniel, 2015. "Risk Preferences, Risk Perceptions, and Risky Food," Working Papers 212481, Mississippi State University, Department of Agricultural Economics.
    23. Sushil Bikhchandani & Uzi Segal, 2018. "Intransitivity in the Small and in the Large," Boston College Working Papers in Economics 964, Boston College Department of Economics, revised 29 Apr 2021.
    24. Ferraro Paul J & Vossler Christian A, 2010. "The Source and Significance of Confusion in Public Goods Experiments," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-42, July.
    25. Breitmoser, Yves, 2015. "Knowing me, imagining you: Projection and overbidding in auctions," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113160, Verein für Socialpolitik / German Economic Association.
    26. Mequanint B. Melesse & Amos Nyangira Tirra & Yabibal M. Walle & Michael Hauser, 2023. "Understanding the Determinants of Aspirations in Rural Tanzania: Does Financial Literacy Matter?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(6), pages 1294-1321, December.
    27. Breitmoser, Yves, 2017. "Knowing Me, Imagining You:," Rationality and Competition Discussion Paper Series 36, CRC TRR 190 Rationality and Competition.
    28. Booij, Adam S. & van Praag, Bernard M.S., 2009. "A simultaneous approach to the estimation of risk aversion and the subjective time discount rate," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 374-388, May.
    29. Daniel Cavagnaro & Mark Pitt & Richard Gonzalez & Jay Myung, 2013. "Discriminating among probability weighting functions using adaptive design optimization," Journal of Risk and Uncertainty, Springer, vol. 47(3), pages 255-289, December.
    30. Breitmoser, Yves, 2018. "The Axiomatic Foundation of Logit," Rationality and Competition Discussion Paper Series 78, CRC TRR 190 Rationality and Competition.
    31. Pavlo Blavatskyy, 2014. "Stronger utility," Theory and Decision, Springer, vol. 76(2), pages 265-286, February.
    32. Kechagia, Varvara & Drichoutis, Andreas C., 2017. "The effect of olfactory sensory cues on willingness to pay and choice under risk," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 70(C), pages 33-46.
    33. Zizzo, Daniel John, 2013. "Claims and confounds in economic experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 186-195.
    34. Dagsvik, John K, 2017. "Invariance Axioms and Functional Form Restrictions in Structural Models," Memorandum 08/2017, Oslo University, Department of Economics.
    35. Daniel R. Cavagnaro & Richard Gonzalez & Jay I. Myung & Mark A. Pitt, 2013. "Optimal Decision Stimuli for Risky Choice Experiments: An Adaptive Approach," Management Science, INFORMS, vol. 59(2), pages 358-375, February.
    36. Robin Cubitt & Daniel Navarro-Martinez & Chris Starmer, 2015. "On preference imprecision," Journal of Risk and Uncertainty, Springer, vol. 50(1), pages 1-34, February.
    37. Alexander Harin, 2006. "Principle of Uncertain Future," Microeconomics harin_alexander.34115-061, Socionet.
    38. Michalis Drouvelis & Johannes Lohse, 2020. "Cognitive abilities and risk taking: the role of preferences," Discussion Papers 20-02, Department of Economics, University of Birmingham.
    39. Sean, Duffy & John, Smith, 2023. "Stochastic choice and imperfect judgments of line lengths: What is hiding in the noise?," MPRA Paper 116382, University Library of Munich, Germany.
    40. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
    41. Raffaello Seri & Samuele Centorrino & Michele Bernasconi, 2019. "Nonparametric Estimation and Inference in Economic and Psychological Experiments," Papers 1904.11156, arXiv.org, revised Dec 2019.
    42. Dagsvik, John K., 2018. "Invariance axioms and functional form restrictions in structural models," Mathematical Social Sciences, Elsevier, vol. 91(C), pages 85-95.
    43. Glenn W. Harrison, 2019. "The behavioral welfare economics of insurance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 44(2), pages 137-175, September.

  28. John D. Hey, 2005. "Do People (Want To) Plan?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(1), pages 122-138, February.
    See citations under working paper version above.
  29. John D. Hey, 2005. "On My Web Site, I Teach Economics, Not Algebra and Calculus," The Journal of Economic Education, Taylor & Francis Journals, vol. 36(3), pages 305-305, July.

    Cited by:

    1. David Zetland & Carlo Russo & Navin Yavapolkul, 2010. "Teaching Economic Principles: Algebra, Graph or Both?," The American Economist, Sage Publications, vol. 55(1), pages 123-131, May.

  30. John D. Hey, 2005. "I Teach Economics, Not Algebra and Calculus," The Journal of Economic Education, Taylor & Francis Journals, vol. 36(3), pages 292-304, July.

    Cited by:

    1. David Zetland & Carlo Russo & Navin Yavapolkul, 2010. "Teaching Economic Principles: Algebra, Graph or Both?," The American Economist, Sage Publications, vol. 55(1), pages 123-131, May.

  31. Enrica Carbone & John D. Hey, 2004. "The effect of unemployment on consumption: an experimental analysis," Economic Journal, Royal Economic Society, vol. 114(497), pages 660-683, July.

    Cited by:

    1. Enrique Fatas & Juan A. Lacomba & Francisco Lagos, 2007. "An Experimental Test On Retirement Decisions," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 602-614, July.
    2. Arns, Jürgen & Bhattacharya, Kaushik, 2005. "Modelling Aggregate Consumption Growth with Time-Varying Parameters," Bonn Econ Discussion Papers 15/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
    3. Ferruccio Ponzano & Roberto Ricciuti, 2012. "An Experimental AK Model of Growth," CESifo Working Paper Series 3744, CESifo.
    4. Thomas Meissner & Davud Rostam-Afschar, 2014. "Do Tax Cuts Increase Consumption? An Experimental Test of Ricardian Equivalence," SFB 649 Discussion Papers SFB649DP2014-062, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    5. Orland, Andreas & Roos, Michael W.M., 2019. "Price-setting with quadratic adjustment costs: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 88-116.
    6. Ngo, Jacqueline & Smith, Alexander, 2020. "A public good game with technological growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 84(C).
    7. Wolfgang Luhan & Johann Scharler, 2013. "Monetary Policy, Inflation Illusion and the Taylor Principle: An Experimental Study," Working Papers 2013-03, Faculty of Economics and Statistics, Universität Innsbruck.
    8. Marco Battaglini & Salvatore Nunnari & Thomas R Palfrey, 2020. "The Political Economy of Public Debt: A Laboratory Study," Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1969-2012.
    9. Enrica Carbone, 2005. "Demographics and Behaviour," Experimental Economics, Springer;Economic Science Association, vol. 8(3), pages 217-232, September.
    10. Roberto Ricciuti, 2005. "Bringing Macroeconomics into the Lab," Labsi Experimental Economics Laboratory University of Siena 004, University of Siena.
    11. Petr Frejlich & Helena Chytilová & Vojtěch Kotrba & Pavel Kotrba, 2023. "Experimentální ověření platnosti Barrovy-Ricardovy ekvivalence [Experimental Verification of Barro-Ricardo Equivalence Theorem]," Politická ekonomie, Prague University of Economics and Business, vol. 2023(4), pages 366-389.
    12. Dina Tasneem & Marine de Montaignac & Jim Engle-Warnick & Audrey Azerot, 2018. "A Laboratory Study of Nudge with Retirement Savings," CIRANO Working Papers 2018s-23, CIRANO.
    13. Attema, Arthur E. & Brouwer, Werner B.F., 2012. "A test of independence of discounting from quality of life," Journal of Health Economics, Elsevier, vol. 31(1), pages 22-34.
    14. Brosig-Koch, Jeannette & Keldenich, Klemens, 2012. "The More You Know? – Consumption Behavior and the Communication of Economic Information," Ruhr Economic Papers 387, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    15. Enrica Carbone & Gerardo Infante, 2012. "The Effect of a Short Planning Horizon on Intertemporal Consumption Choices," Labsi Experimental Economics Laboratory University of Siena 043, University of Siena.
    16. Carbone, Enrica & Duffy, John, 2014. "Lifecycle consumption plans, social learning and external habits: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 413-427.
    17. Thomas Meissner, 2016. "Intertemporal consumption and debt aversion: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 19(2), pages 281-298, June.
    18. Luhan, Wolfgang J. & Scharler, Johann, 2014. "Inflation illusion and the Taylor principle: An experimental study," Journal of Economic Dynamics and Control, Elsevier, vol. 45(C), pages 94-110.
    19. Charness, Gary & Kuhn, Peter, 2011. "Lab Labor: What Can Labor Economists Learn from the Lab?," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 3, pages 229-330, Elsevier.
    20. Dina Tasneem & Audrey Azerot & Marine de Montaignac & Jim Engle-Warnick, 2018. "A Laboratory Study of the E?ect of Financial Literacy Training on Retirement Savings," CIRANO Working Papers 2018s-24, CIRANO.
    21. John Duffy, 2022. "Why macroeconomics needs experimental evidence," The Japanese Economic Review, Springer, vol. 73(1), pages 5-29, January.
    22. Enrica Carbone & Gerardo Infante, 2012. "Are Groups Better Planners Than Individuals? An Experimental Analysis," Labsi Experimental Economics Laboratory University of Siena 042, University of Siena.
    23. T. Parker Ballinger & Michael G. Palumbo & Nathaniel T. Wilcox, 2003. "Precautionary saving and social learning across generations: an experiment," Economic Journal, Royal Economic Society, vol. 113(490), pages 920-947, October.
    24. Halim, Edward & Riyanto, Yohanes E. & Roy, Nilanjan, 2022. "Sharing idiosyncratic risk even though prices are “wrong”," Journal of Economic Theory, Elsevier, vol. 200(C).
    25. Enrica Carbone & John Hey & Tibor Neugebauer, 2021. "An Experimental Comparison of Two Exchange Economies: Long-Lived Asset vs. Short-Lived Asset," Management Science, INFORMS, vol. 67(11), pages 6946-6962, November.
    26. Enrica Carbone, 2006. "Understanding intertemporal choices," Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 889-898.
    27. Sinitskaya, Ekaterina, 2014. "Computational modeling of an economy using elements of artificial intelligence," ISU General Staff Papers 201401010800005291, Iowa State University, Department of Economics.
    28. Pavan, Marina & Barreda-Tarrazona, Iván, 2020. "Should I default on my mortgage even if I can pay? Experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    29. T. Ballinger & Eric Hudson & Leonie Karkoviata & Nathaniel Wilcox, 2011. "Saving behavior and cognitive abilities," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 349-374, September.
    30. Enrique Fatás & Juan A. Lacomba & Francisco M. Lagos & Ana I. Moro, 2008. "Experimental tests on consumption, savings and pensions," ThE Papers 08/14, Department of Economic Theory and Economic History of the University of Granada..
    31. Duffy, John & Li, Yue, 2019. "Lifecycle consumption under different income profiles: Evidence and theory," Journal of Economic Dynamics and Control, Elsevier, vol. 104(C), pages 74-94.
    32. Enrica Carbone & Konstantinos Georgalos & Gerardo Infante, 2019. "Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity," Theory and Decision, Springer, vol. 87(1), pages 87-122, July.
    33. Ferruccio Ponzano & Roberto Ricciuti, 2018. "Growth and Inequality in an Experimental AK Model," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(2), pages 313-330, July.
    34. Sebastian Gechert & Jan Siebert, 2019. "Preferences over wealth," IMK Working Paper 200-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    35. Martin Geiger & Wolfgang Luhan & Johann Scharler, 2015. "When do Fiscal Consolidations Lead to Consumption Booms? Lessons from a Laboratory Experiment," Working Papers 2015-06, Faculty of Economics and Statistics, Universität Innsbruck.
    36. Tomoki Kitamura & Yasuhiro Yonezawa & Munenori Nakasato, 2010. "Saving Behavior under the Influence of Income Risk: An Experimental Study," Economics Bulletin, AccessEcon, vol. 30(2), pages 967-974.
    37. Enrique Fatás & Juan Lacomba & Francisco Lagos & Ana Moro-Egido, 2013. "An experimental test on dynamic consumption and lump-sum pensions," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(4), pages 393-413, November.
    38. Dina Tasneem & Jim Engle-Warnick, 2018. "Decision Rules for Precautionary and Retirement Savings," CIRANO Working Papers 2018s-22, CIRANO.
    39. Feltovich, Nick & Ejebu, Ourega-Zoé, 2014. "Do positional goods inhibit saving? Evidence from a life-cycle experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 440-454.
    40. Bachmann, Kremena & Lot, Andre & Xu, Xiaogeng & Hens, Thorsten, 2023. "Experimental Research on Retirement Decision-Making: Evidence from Replications," Journal of Banking & Finance, Elsevier, vol. 152(C).
    41. Tetsuo Yamamori & Kazuyuki Iwata & Akira Ogawa, 2020. "Effect of Longevity on Saving Behavior: An Experimental Study on the Simple Intertemporal Life-Cycle Problem," Working Papers e153, Tokyo Center for Economic Research.
    42. Koehler, Derek J. & Langstaff, Jesse & Liu, Wu-Qi, 2015. "A simulated financial savings task for studying consumption and retirement decision making," Journal of Economic Psychology, Elsevier, vol. 46(C), pages 89-97.
    43. Gechert, Sebastian & Siebert, Jan, 2022. "Preferences over wealth: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1297-1317.
    44. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    45. John Duffy & Enrica Carbone, 2013. "Lifecycle Consumption Plans, Social Learning and External Habits: Experimental Evidence," Working Paper 513, Department of Economics, University of Pittsburgh, revised Sep 2013.
    46. Kendall, Chad & Oprea, Ryan, 2018. "Are biased beliefs fit to survive? An experimental test of the market selection hypothesis," Journal of Economic Theory, Elsevier, vol. 176(C), pages 342-371.
    47. Enrica Carbone & John Hey & Tibor Neugebauer, 2018. "An Experimental Comparison of Two Exchange Mechanisms, An Asset Market versus a Credit Market," Discussion Papers 18/08, Department of Economics, University of York.
    48. Miller, Logan & Rholes, Ryan, 2023. "Joint vs. Individual performance in a dynamic choice problem," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 897-934.

  32. Ulrich Schmidt & John D. Hey, 2004. "Are Preference Reversals Errors? An Experimental Investigation," Journal of Risk and Uncertainty, Springer, vol. 29(3), pages 207-218, December.

    Cited by:

    1. John Hey & Andrea Morone & Ulrich Schmidt, 2009. "Noise and bias in eliciting preferences," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 213-235, December.
    2. Birnbaum, Michael H. & Schmidt, Ulrich, 2010. "Allais paradoxes can be reversed by presenting choices in canonical split form," Kiel Working Papers 1615, Kiel Institute for the World Economy (IfW Kiel).
    3. Pavlo Blavatskyy, 2012. "Probabilistic choice and stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 59-83, May.
    4. Raúl López-Pérez & Eli Spiegelman, 2020. "Using Eye-Tracking Techniques To Understand The Role Of Attention On Choice And Reversals," Working Papers 2001, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    5. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
    6. Schmidt, Ulrich & Starmer, Chris & Sugden, Robert, 2008. "Third-generation prospect theory," Open Access Publications from Kiel Institute for the World Economy 28932, Kiel Institute for the World Economy (IfW Kiel).
    7. Carlos Alós-Ferrer & Alexander Ritschel, 2022. "Attention and salience in preference reversals," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 1024-1051, June.
    8. Johannes G. Jaspersen, 2016. "Hypothetical Surveys And Experimental Studies Of Insurance Demand: A Review," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 83(1), pages 217-255, January.
    9. Anna Maffioletti & Ulrich Schmidt & Carsten Schröder, 2009. "The effect of elicitation methods on ambiguity aversion: an experimental investigation," Economics Bulletin, AccessEcon, vol. 29(2), pages 638-643.
    10. Berg, Joyce E. & Dickhaut, John W. & Rietz, Thomas A., 2010. "Preference reversals: The impact of truth-revealing monetary incentives," Games and Economic Behavior, Elsevier, vol. 68(2), pages 443-468, March.
    11. Booij, Adam S. & van Praag, Bernard M.S., 2009. "A simultaneous approach to the estimation of risk aversion and the subjective time discount rate," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 374-388, May.
    12. David J. Butler & Graham C. Loomes, 2007. "Imprecision as an Account of the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 97(1), pages 277-297, March.
    13. Cathleen Johnson & Aurélien Baillon & Han Bleichrodt & Zhihua Li & Dennie Dolder & Peter P. Wakker, 2021. "Prince: An improved method for measuring incentivized preferences," Journal of Risk and Uncertainty, Springer, vol. 62(1), pages 1-28, February.
    14. Pavlo Blavatskyy, 2014. "Stronger utility," Theory and Decision, Springer, vol. 76(2), pages 265-286, February.
    15. Charles-Cadogan, G., 2021. "Incoherent Preferences," CRETA Online Discussion Paper Series 69, Centre for Research in Economic Theory and its Applications CRETA.
    16. Zonna, Davide, 2016. "Sprechi di cibo e tentativi di riduzione. Un caso sperimentale [Avoiding food waste. A field experiment]," MPRA Paper 76097, University Library of Munich, Germany.
    17. Kim Kaivanto & Eike Kroll, 2014. "Alternation bias and reduction in St. Petersburg gambles," Working Papers 65600286, Lancaster University Management School, Economics Department.
    18. Attema, Arthur & Brouwer, Werner, 2012. "In search of a preferred preference elicitation method: A test of the internal consistency of choice and matching tasks," MPRA Paper 36100, University Library of Munich, Germany.
    19. Pavlo Blavatskyy, 2009. "Preference reversals and probabilistic decisions," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 237-250, December.
    20. Carlos Alós-Ferrer & Johannes Buckenmaier & Michele Garagnani, 2020. "Stochastic choice and preference reversals," ECON - Working Papers 370, Department of Economics - University of Zurich, revised Jul 2021.
    21. Aurora García-Gallego & Nikolaos Georgantzís & Daniel Navarro-Martínez & Gerardo Sabater-Grande, 2011. "The stochastic component in choice and regression to the mean," Theory and Decision, Springer, vol. 71(2), pages 251-267, August.

  33. John Bone & John Hey & John Suckling, 2004. "A Simple Risk-Sharing Experiment," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 23-38, January.
    See citations under working paper version above.
  34. John D. Bone & John D. Hey & John R. Suckling, 2003. "Do people plan ahead?," Applied Economics Letters, Taylor & Francis Journals, vol. 10(5), pages 277-280, April.

    Cited by:

    1. Anna Conte & Peter G. Moffatt & Fabrizio Botti & Daniela T. Di Cagno & Carlo d'Ippoliti, 2011. "A Test of the Rational Expectations Hypothesis using data from a Natural Experiment," Post-Print hal-00718703, HAL.
    2. Maria J. Ruiz Martos, 2018. "Sequential Common Consequence Effect and Incentives," ThE Papers 18/04, Department of Economic Theory and Economic History of the University of Granada..
    3. John D. Hey & Julia A. Knoll, 2018. "How far ahead do people plan?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 12, pages 301-306, World Scientific Publishing Co. Pte. Ltd..
    4. Anna Conte & M. Vittoria Levati, 2011. "Use of data on planned contributions and stated beliefs in the measurement of social preferences," Jena Economics Research Papers 2011-039, Friedrich-Schiller-University Jena.
    5. Maria J. Ruiz Martos, 2017. "Individual Dynamic Choice Behaviour and the Common Consequence Effect," ThE Papers 17/01, Department of Economic Theory and Economic History of the University of Granada..
    6. John Bone & John D Hey & John Suckling, 2006. "Do People Plan?," Discussion Papers 06/22, Department of Economics, University of York, revised Jul 2007.
    7. Loerakker, Ben & Bault, Nadège & Hoyer, Maximilian & van Winden, Frans, 2022. "On the Development of Cooperative and Antagonistic Relationships in Public Good Environments. A Model-Based Experimental Study," OSF Preprints wur7c, Center for Open Science.
    8. Diasakos, Theodoros M, 2013. "Complexity and Bounded Rationality in Individual Decision Problemsing," SIRE Discussion Papers 2013-93, Scottish Institute for Research in Economics (SIRE).
    9. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.

  35. John D. Hey, 2002. "Experimental Economics and the Theory of Decision Making Under Risk and Uncertainty," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 27(1), pages 5-21, June.

    Cited by:

    1. Bellemare, C. & Kroger, S., 2004. "On Representative Social Capital," Discussion Paper 2004-57, Tilburg University, Center for Economic Research.
    2. Bergantino, Angela Stefania & De Carlo, Angela & Morone, Andrea, 2015. "Individuals’ behaviour with respect to parking alternatives: a laboratory experiment," MPRA Paper 63815, University Library of Munich, Germany.
    3. Steffen Huck & Wieland Müller, 2012. "Allais for all: Revisiting the paradox in a large representative sample," Journal of Risk and Uncertainty, Springer, vol. 44(3), pages 261-293, June.
    4. Bellemare, C. & Kroger, S., 2003. "On Representative Trust," Other publications TiSEM 5b4c2638-b100-4442-8afa-5, Tilburg University, School of Economics and Management.
    5. Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, E. Elisabet, 2010. "Preference heterogeneity in experiments: Comparing the field and laboratory," Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 209-224, February.
    6. Narmin BAGHIRZADE, 2020. "Assessing Welfare States – Risk And Capability Of Trust," Law, Society & Organisations, Romanian Foundation for Business Intelligence, Editorial Department, issue 9 (2/2020, pages 87-93, December.
    7. Angela De Carlo & Angela Stefania Bergantino & Andrea Morone, 2013. "Experiments in transport related choices: the influence of risk and uncertainty in determining workers' behaviour with respect to parking alternatives," ERSA conference papers ersa13p407, European Regional Science Association.
    8. Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
    9. John D. Hey & Julia A. Knoll, 2018. "How far ahead do people plan?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 12, pages 301-306, World Scientific Publishing Co. Pte. Ltd..
    10. Bellemare, C. & Kroger, S., 2003. "On Representative Trust," Discussion Paper 2003-47, Tilburg University, Center for Economic Research.
    11. Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet E., 2009. "Behavioral Econometrics for Psychologists," Working Papers 04-2009, Copenhagen Business School, Department of Economics.
    12. Spiro, Daniel, 2014. "Resource prices and planning horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 159-175.
    13. John Bone & John D Hey & John Suckling, 2006. "Do People Plan?," Discussion Papers 06/22, Department of Economics, University of York, revised Jul 2007.
    14. Halil Kizilaslan & Nuray Kizilaslan, 2007. "Risk analysis in Turkey milk production," Czech Journal of Food Sciences, Czech Academy of Agricultural Sciences, vol. 25(3), pages 144-150.
    15. Bellemare, C. & Kroger, S., 2004. "On Representative Social Capital," Other publications TiSEM 1057ef4e-faab-431c-b7e4-c, Tilburg University, School of Economics and Management.

  36. Enrica Carbone & John Hey, 2001. "A Test of the Principle of Optimality," Theory and Decision, Springer, vol. 50(3), pages 263-281, May.
    See citations under working paper version above.
  37. John Hey, 2001. "Does Repetition Improve Consistency?," Experimental Economics, Springer;Economic Science Association, vol. 4(1), pages 5-54, June.
    See citations under working paper version above.
  38. Carbone, Enrica & Hey, John D, 2000. "Which Error Story Is Best?," Journal of Risk and Uncertainty, Springer, vol. 20(2), pages 161-176, March.

    Cited by:

    1. Birnbaum, Michael H. & Gutierrez, Roman J., 2007. "Testing for intransitivity of preferences predicted by a lexicographic semi-order," Organizational Behavior and Human Decision Processes, Elsevier, vol. 104(1), pages 96-112, September.
    2. John Hey & Andrea Morone & Ulrich Schmidt, 2009. "Noise and bias in eliciting preferences," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 213-235, December.
    3. Adam S. Booij & Bernard M.S. Van Praag & Gijs Van De Kuilen & Bernard M.S. van Praag, 2009. "A Parametric Analysis of Prospect Theory's Functionals for the General Population," CESifo Working Paper Series 2609, CESifo.
    4. Olivier L'Haridon & Mohammed Abdellaoui & A. Driouchi, 2011. "Risk aversion elicitation: reconciling tractability and bias minimization," Post-Print hal-00609543, HAL.
    5. Sarah Jacobson & Ragan Petrie, 2009. "Learning from mistakes: What do inconsistent choices over risk tell us?," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 143-158, April.
    6. Michael Birnbaum & Ulrich Schmidt, 2010. "Testing transitivity in choice under risk," Theory and Decision, Springer, vol. 69(4), pages 599-614, October.
    7. Andreas C Drichoutis & Jayson L Lusk, 2014. "Judging Statistical Models of Individual Decision Making under Risk Using In- and Out-of-Sample Criteria," PLOS ONE, Public Library of Science, vol. 9(7), pages 1-13, July.
    8. Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
    9. Muye Chen & Michel Regenwetter & Clintin P. Davis-Stober, 2021. "Collective Choice May Tell Nothing About Anyone’s Individual Preferences," Decision Analysis, INFORMS, vol. 18(1), pages 1-24, March.
    10. Estepa-Mohedano, Lorenzo & Espinosa, María Paz, 2023. "Comparing risk elicitation in lotteries with visual or contextual aids," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 103(C).
    11. Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
    12. Golo-Friedrich Bauermeister & Daniel Hermann & Oliver Musshoff, 2018. "Consistency of determined risk attitudes and probability weightings across different elicitation methods," Theory and Decision, Springer, vol. 84(4), pages 627-644, June.
    13. Michael Birnbaum & Ulrich Schmidt, 2008. "An experimental investigation of violations of transitivity in choice under uncertainty," Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 77-91, August.
    14. Gijs Kuilen & Peter Wakker, 2006. "Learning in the Allais paradox," Journal of Risk and Uncertainty, Springer, vol. 33(3), pages 155-164, December.
    15. Estepa-Mohedano, Lorenzo & Espinosa, Maria Paz, 2021. "Comparing risk elicitation in lotteries with visual or contextual framing aids," MPRA Paper 108440, University Library of Munich, Germany.
    16. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
    17. Birnbaum, Michael H. & Schmidt, Ulrich, 2006. "Empirical Tests of Intransitivity Predicted by Models of Risky Choice," Economics Working Papers 2006-10, Christian-Albrechts-University of Kiel, Department of Economics.
    18. Ulrich Schmidt & Horst Zank, 2022. "Chance theory: A separation of riskless and risky utility," Journal of Risk and Uncertainty, Springer, vol. 65(1), pages 1-32, August.
    19. Booij, Adam S. & van Praag, Bernard M.S., 2009. "A simultaneous approach to the estimation of risk aversion and the subjective time discount rate," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 374-388, May.
    20. Birnbaum, Michael H., 2007. "Tests of branch splitting and branch-splitting independence in Allais paradoxes with positive and mixed consequences," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(2), pages 154-173, March.
    21. Birnbaum, Michael H., 2004. "Tests of rank-dependent utility and cumulative prospect theory in gambles represented by natural frequencies: Effects of format, event framing, and branch splitting," Organizational Behavior and Human Decision Processes, Elsevier, vol. 95(1), pages 40-65, September.
    22. Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
    23. David M. Bruner, 2017. "Does decision error decrease with risk aversion?," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 259-273, March.
    24. Serge Blondel, 2002. "Testing Theories of Choice Under Risk: Estimation of Individual Functionals," Journal of Risk and Uncertainty, Springer, vol. 24(3), pages 251-265, May.
    25. Pavlo R. Blavatskyy, 2024. "Harmonic choice model," Theory and Decision, Springer, vol. 96(1), pages 49-69, February.
    26. Meraner, Manuela & Musshoff, Oliver & Finger, Robert, 2018. "Using involvement to reduce inconsistencies in risk preference elicitation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 22-33.
    27. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
    28. Raffaello Seri & Samuele Centorrino & Michele Bernasconi, 2019. "Nonparametric Estimation and Inference in Economic and Psychological Experiments," Papers 1904.11156, arXiv.org, revised Dec 2019.
    29. Schmidt, Ulrich & Neugebauer, Tibor, 2003. "An Experimental Investigation of the Role of Errors for Explaining Violations of Expected Utility," Hannover Economic Papers (HEP) dp-279, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    30. Marley, A. A. J., 2002. "Random utility models and their applications: recent developments," Mathematical Social Sciences, Elsevier, vol. 43(3), pages 289-302, July.

  39. Louise Allsopp & John D. Hey, 2000. "Two Experiments to Test a Model of Herd Behaviour," Experimental Economics, Springer;Economic Science Association, vol. 3(2), pages 121-136, October.
    See citations under working paper version above.
  40. Bone, John & Hey, John & Suckling, John, 1999. "Are Groups More (or Less) Consistent Than Individuals?," Journal of Risk and Uncertainty, Springer, vol. 18(1), pages 63-81, April.

    Cited by:

    1. Kocher, Martin G. & Strauß, Sabine & Sutter, Matthias, 2006. "Individual or team decision-making-Causes and consequences of self-selection," Munich Reprints in Economics 18162, University of Munich, Department of Economics.
    2. He, Haoran & Martinsson, Peter & Sutter, Matthias, 2011. "Group Decision Making Under Risk: An experiment with student couples," Working Papers in Economics 519, University of Gothenburg, Department of Economics.
    3. Cheung, Stephen L. & Palan, Stefan, 2009. "Two Heads Are Less Bubbly than One: Team Decision-Making in an Experimental Asset Market," IZA Discussion Papers 4507, Institute of Labor Economics (IZA).
    4. Königstein, Manfred & Ruchala, Gabriele K., 2007. "Performance Pay, Group Selection and Group Performance," IZA Discussion Papers 2697, Institute of Labor Economics (IZA).
    5. David Masclet & Nathalie Colombier & Laurent Denant-Boèmont & Youenn Lohéac, 2008. "Une étude expérimentale du degré individuel et collectif d'aversion au risque," Post-Print halshs-00144845, HAL.
    6. Anna Maffioletti & Michele Santoni, 2005. "Do Trade Union Leaders Violate Subjective Expected Utility? Some Insights From Experimental Data," Theory and Decision, Springer, vol. 59(3), pages 207-253, November.
    7. Andrea Morone & Piergiuseppe Morone, 2012. "Individual and Group Behaviours in the Traveller's Dilemma: An Experimental Study," Working Papers 2012/09, Economics Department, Universitat Jaume I, Castellón (Spain).
    8. Alessia Isopi & Daniele Nosenzo & Chris Starmer, 2014. "Does consultation improve decision-making?," Theory and Decision, Springer, vol. 77(3), pages 377-388, October.
    9. Etchart-Vincent, Nathalie, 2007. "Expérimentation de laboratoire et économie : contre quelques idées reçues et faux problèmes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(1), pages 91-116, mars.
    10. Sutter, Matthias, 2007. "Are teams prone to myopic loss aversion? An experimental study on individual versus team investment behavior," Economics Letters, Elsevier, vol. 97(2), pages 128-132, November.
    11. Sutter, Matthias, 2005. "Are four heads better than two? An experimental beauty-contest game with teams of different size," Economics Letters, Elsevier, vol. 88(1), pages 41-46, July.
    12. Carina Cavalcanti & Andreas Leibbrandt, 2024. "Do Positive Externalities Affect Risk Taking? Experimental Evidence on Gender and Group Membership," Monash Economics Working Papers 2024-05, Monash University, Department of Economics.
    13. David Masclet & Youenn Loheac & Laurent Denant-Boemont & Nathalie Colombier, 2004. "Group and individual risk preferences: a lottery-choice experiment," Cahiers de la Maison des Sciences Economiques bla06063, Université Panthéon-Sorbonne (Paris 1), revised Sep 2006.
    14. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Collective risk aversion," Post-Print halshs-00559137, HAL.
    15. Andrea Morone & Piergiuseppe Morone, 2012. "Are small groups Expected Utility?," Working Papers 2012/08, Economics Department, Universitat Jaume I, Castellón (Spain).
    16. Cary Deck & Jungmin Lee & Javier Reyes & Chris Rosen, 2012. "Risk‐Taking Behavior: An Experimental Analysis of Individuals and Dyads," Southern Economic Journal, John Wiley & Sons, vol. 79(2), pages 277-299, October.
    17. Donata, Bessey, 2020. "Hierarchies and decision-making in groups: Experimental evidence," MPRA Paper 100846, University Library of Munich, Germany.
    18. Ronald Bosman & Heike Hennig-Schmidt & Frans Winden, 2006. "Exploring group decision making in a power-to-take experiment," Experimental Economics, Springer;Economic Science Association, vol. 9(1), pages 35-51, April.
    19. RobertS. Shupp & ArlingtonW. Williams, 2008. "Risk preference differentials of small groups and individuals," Economic Journal, Royal Economic Society, vol. 118(525), pages 258-283, January.
    20. Kocher, Martin G. & Sutter, Matthias, 2007. "Individual versus group behavior and the role of the decision making procedure in gift-exchange experiments," Munich Reprints in Economics 18214, University of Munich, Department of Economics.
    21. Pavlo R. Blavatskyy & Francesco Feri, 2018. "Violations of betweenness and choice shifts in groups," Theory and Decision, Springer, vol. 85(3), pages 321-331, October.
    22. Robin Gregory & Tim McDaniels & Daryl Fields, 2001. "Decision Aiding, Not Dispute Resolution: Creating Insights through Structured Environmental Decisions," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 20(3), pages 415-432.
    23. patel, saurin & sarkissian, sergei, 2012. "To Group or Not to Group? Evidence from Mutual Funds," MPRA Paper 38496, University Library of Munich, Germany.
    24. Robin S. Gregory, 2002. "Incorporating Value Trade-offs into Community-Based Environmental Risk Decisions," Environmental Values, , vol. 11(4), pages 461-488, November.
    25. Tamar Kugler & Edgar E. Kausel & Martin G. Kocher, 2012. "Are Groups more Rational than Individuals? A Review of Interactive Decision Making in Groups," CESifo Working Paper Series 3701, CESifo.
    26. Alistair Munro & Danail Popov, 2013. "A portmanteau experiment on the relevance of individual decision anomalies for households," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 335-348, September.
    27. Gijs Kuilen & Peter Wakker, 2006. "Learning in the Allais paradox," Journal of Risk and Uncertainty, Springer, vol. 33(3), pages 155-164, December.
    28. Thomas Stöckl & Jürgen Huber & Michael Kirchler & Florian Lindner, 2013. "Hot Hand and Gambler's Fallacy in Teams: Evidence from Investment Experiments," Working Papers 2013-04, Faculty of Economics and Statistics, Universität Innsbruck.
    29. Gillet, Joris & Schram, Arthur & Sonnemans, Joep, 2009. "The tragedy of the commons revisited: The importance of group decision-making," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 785-797, June.
    30. Enrica Carbone & Gerardo Infante, 2012. "Are Groups Better Planners Than Individuals? An Experimental Analysis," Labsi Experimental Economics Laboratory University of Siena 042, University of Siena.
    31. Marcela Ibanez & Simon Czermak & Matthias Sutter, "undated". "Searching for a better deal - On the influence of group decision making, time pressure and gender in a search experiment," Working Papers 2008-05, Faculty of Economics and Statistics, Universität Innsbruck.
    32. Baethge, Caroline, 2016. "Performance in the beauty contest: How strategic discussion enhances team reasoning," Passauer Diskussionspapiere, Betriebswirtschaftliche Reihe B-17-16, University of Passau, Faculty of Business and Economics.
    33. Masclet, David & Colombier, Nathalie & Denant-Boemont, Laurent & Lohéac, Youenn, 2009. "Group and individual risk preferences: A lottery-choice experiment with self-employed and salaried workers," Journal of Economic Behavior & Organization, Elsevier, vol. 70(3), pages 470-484, June.
    34. Arthur Attema & Han Bleichrodt & Olivier L’haridon & Stefan Lipman, 2020. "A comparison of individual and collective decision making for standard gamble and time trade-off," Post-Print halshs-02435045, HAL.
    35. Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
    36. Barbara Vis & Kees van Kersbergen, 2007. "Why and how do Political Actors Pursue Risky Reforms?," Journal of Theoretical Politics, , vol. 19(2), pages 153-172, April.
    37. Fahr, René & Irlenbusch, Bernd, 2011. "Who follows the crowd—Groups or individuals?," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 200-209.
    38. Fredrik Carlsson & Peter Martinsson & Ping Qin & Matthias Sutter, 2013. "The influence of spouses on household decision making under risk: an experiment in rural China," Experimental Economics, Springer;Economic Science Association, vol. 16(3), pages 383-401, September.
    39. Enrique Fatás & Tibor Neugebauer & Pilar Tamborero, 2004. "How politicians make decisions under risk: a political choice experiment," Economic Working Papers at Centro de Estudios Andaluces E2004/58, Centro de Estudios Andaluces.
    40. Reuben E., 2002. "Interest groups and politics: The need to concentrate on group formation," Public Economics 0212001, University Library of Munich, Germany.
    41. Ongena, Steven & Tümer-Alkan, Günseli & Vermeer, Bram, 2011. "Corporate choice of banks: Decision factors, decision maker, and decision process -- First evidence," Journal of Corporate Finance, Elsevier, vol. 17(2), pages 326-351, April.
    42. John Bone & John Hey & John Suckling, 2004. "A Simple Risk-Sharing Experiment," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 23-38, January.
    43. Rockenbach, Bettina & Sadrieh, Abdolkarim & Mathauschek, Barbara, 2007. "Teams take the better risks," Journal of Economic Behavior & Organization, Elsevier, vol. 63(3), pages 412-422, July.
    44. Pavlo Blavatskyy & Valentyn Panchenko & Andreas Ortmann, 2023. "How common is the common-ratio effect?," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 253-272, April.
    45. Martin G. Kocher & Ganna Pogrebna & Matthias Sutter, "undated". "The Determinants of Managerial Decisions Under Risk," Working Papers 2008-04, Faculty of Economics and Statistics, Universität Innsbruck.
    46. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    47. Daniela Di Cagno & Emanuela Sciubba & Marco Spallone, 2012. "Choosing a gambling partner: testing a model of mutual insurance in the lab," Theory and Decision, Springer, vol. 72(4), pages 537-571, April.
    48. Aurélien Baillon & Han Bleichrodt & Ning Liu & Peter P. Wakker, 2016. "Group decision rules and group rationality under risk," Journal of Risk and Uncertainty, Springer, vol. 52(2), pages 99-116, April.
    49. Bosman, Ronald & Hennig-Schmidt, Heike & vanWinden, Frans, 2002. "Exploring Group Behavior in a Power-to-Take Video Experiment," Bonn Econ Discussion Papers 7/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
    50. Ronald Bosman & Frans van Winden, 2002. "Emotional Hazard in a Power-to-take Experiment," Economic Journal, Royal Economic Society, vol. 112(476), pages 147-169, January.
    51. A. Morone & P. Morone, 2014. "Estimating individual and group preference functionals using experimental data," Theory and Decision, Springer, vol. 77(3), pages 403-422, October.

  41. Hey, John D., 1998. "Experimental economics and deception: A comment," Journal of Economic Psychology, Elsevier, vol. 19(3), pages 397-401, June.

    Cited by:

    1. Olivier Armantier & Amadou Boly, 2008. "Can Corruption Be Studied in the Lab? Comparing a Field and a Lab Experiment," CIRANO Working Papers 2008s-26, CIRANO.
    2. Huber, Christoph & Litsios, Christos & Nieper, Annika S. & Promann, Timo, 2022. "On Social Norms and Observability in (Dis)honest Behavior," OSF Preprints 2nxv8, Center for Open Science.
    3. Just, David R., 2019. "Viewpoint: Is the ban on deception necessary or even desirable?," Food Policy, Elsevier, vol. 83(C), pages 5-6.
    4. Fiore, Annamaria, 2009. "Experimental Economics: Some Methodological Notes," MPRA Paper 12498, University Library of Munich, Germany.
    5. Scharlemann, Jorn P. W. & Eckel, Catherine C. & Kacelnik, Alex & Wilson, Rick K., 2001. "The value of a smile: Game theory with a human face," Journal of Economic Psychology, Elsevier, vol. 22(5), pages 617-640, October.
    6. Sorravich Kingsuwankul & Chloe Tergiman & Marie Claire Villeval, 2023. "Why do oaths work? Image concerns and credibility in promise keeping," Working Papers 2316, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    7. Lefebvre Mathieu & Pierre Pestieau & Arno Riedl & Marie Claire Villeval, 2015. "Tax evasion and social information: an experiment in Belgium, France, and the Netherlands," PSE-Ecole d'économie de Paris (Postprint) halshs-01155326, HAL.
    8. Sarah Mörtenhuber & Andreas Nicklisch & Kai-Uwe Schnapp, 2016. "What Goes Around, Comes Around: Experimental Evidence on Exposed Lies," Games, MDPI, vol. 7(4), pages 1-14, October.
    9. Nicholas Bardsley, 2000. "Control without Deception," Tinbergen Institute Discussion Papers 00-107/1, Tinbergen Institute.
    10. Hans-Rüdiger Pfister & Gisela Böhm, 2012. "Responder Feelings in a Three-Player Three-Option Ultimatum Game: Affective Determinants of Rejection Behavior," Games, MDPI, vol. 3(1), pages 1-29, February.
    11. Romain Espinosa & Nicolas Treich, 2023. "Eliciting Non-hypothetical Willingness-to-pay for Novel Products: An Application to Cultured Meat," Post-Print hal-04167450, HAL.
    12. Jost, Peter J. & Pünder, Johanna & Schulze-Lohoff, Isabell, 2020. "Fake news - Does perception matter more than the truth?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 85(C).
    13. Gregory Colson & Jay R. Corrigan & Carola Grebitus & Maria L. Loureiro & Matthew C. Rousu, 2016. "Which Deceptive Practices, If Any, Should Be Allowed in Experimental Economics Research? Results from Surveys of Applied Experimental Economists and Students," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(2), pages 610-621.
    14. Jamison, Julian & Karlan, Dean & Schechter, Laura, 2006. "To Deceive or Not to Deceive: The Effect of Deception on Behavior inFuture Laboratory Experiments," Working Papers 18, Yale University, Department of Economics.
    15. Valentina Bosetti & Francis Dennig & Ning Liu & Massimo Tavoni & Elke U. Weber, 2022. "Forward-Looking Belief Elicitation Enhances Intergenerational Beneficence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(4), pages 743-761, April.
    16. Mathieu Chevrier & Brice Corgnet & Eric Guerci & Julie Rosaz, 2024. "Algorithm Credulity: Human and Algorithmic Advice in Prediction Experiments," GREDEG Working Papers 2024-03, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    17. Britwum, Kofi & Bernard, John C., 2018. "A field experiment on consumer willingness to accept milk that may have come from cloned cows," Food Policy, Elsevier, vol. 74(C), pages 1-8.
    18. Davide Barrera & Brent Simpson, 2012. "Much Ado About Deception," Sociological Methods & Research, , vol. 41(3), pages 383-413, August.
    19. Nicholas Bardsley, 2000. "Control Without Deception: Individual Behaviour in Free-Riding Experiments Revisited," Experimental Economics, Springer;Economic Science Association, vol. 3(3), pages 215-240, December.
    20. Despoina Alempaki & Valeria Burdea & Daniel Read, 2021. "Deceptive Communication: Direct Lies vs. Ignorance, Partial-Truth and Silence," CESifo Working Paper Series 9286, CESifo.
    21. Gary Charness & Anya Samek & Jeroen Ven, 2022. "What is considered deception in experimental economics?," Experimental Economics, Springer;Economic Science Association, vol. 25(2), pages 385-412, April.
    22. Olivier Armantier & Amadou Boly, 2013. "Comparing Corruption in the Laboratory and in the Field in Burkina Faso and in Canada," Economic Journal, Royal Economic Society, vol. 123(12), pages 1168-1187, December.
    23. Federica Alberti & Werner Güth, 2012. "Studying deception without deceiving participants: An experiment of deception experiments," Jena Economics Research Papers 2012-024, Friedrich-Schiller-University Jena.
    24. Mikhail Drugov & John Hamman & Danila Serra, 2011. "Intermediaries in Corruption: An Experiment," Working Papers wp2011_01_01, Department of Economics, Florida State University.

  42. Hey, John D., 1998. "An application of Selten's measure of predictive success," Mathematical Social Sciences, Elsevier, vol. 35(1), pages 1-15, January.

    Cited by:

    1. Thomas Demuynck, 2015. "Statistical inference for measures of predictive success," Theory and Decision, Springer, vol. 79(4), pages 689-699, December.
    2. John Hey, "undated". "A Further Investigation of Selten's Measure of Predictive Success," Discussion Papers 99/30, Department of Economics, University of York.
    3. Friedel Bolle & Philipp E. Otto, 2016. "Role-dependent Social Preferences," Economica, London School of Economics and Political Science, vol. 83(332), pages 704-740, October.
    4. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..
    5. Drew Fudenberg & Wayne Gao & Annie Liang, 2020. "How Flexible is that Functional Form? Quantifying the Restrictiveness of Theories," Papers 2007.09213, arXiv.org, revised Aug 2023.

  43. John Hey & Daniela Cagno, 1998. "Sequential Markets: An Experimental Investigation of Clower's Dual-Decision Hypothesis," Experimental Economics, Springer;Economic Science Association, vol. 1(1), pages 63-85, June.

    Cited by:

    1. Noussair, Charles & Plott, Charles & Riezman, Raymond, 2007. "Production, trade, prices, exchange rates and equilibration in large experimental economies," European Economic Review, Elsevier, vol. 51(1), pages 49-76, January.
    2. Noussair, C.N. & Plott, C. & Riezman, R., 2007. "Production, trade and exchange rates in large experimental economies," Other publications TiSEM 3bf683fe-0650-4e8a-8682-c, Tilburg University, School of Economics and Management.
    3. Jason Shachat & Zhenxuan Zhang, 2013. "The Hayek Hypothesis and Long Run Competitive Equilibrium: An Experimental Investigation," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    4. Riedl, Arno & van Winden, Frans, 2007. "An experimental investigation of wage taxation and unemployment in closed and open economies," European Economic Review, Elsevier, vol. 51(4), pages 871-900, May.
    5. Roberto Ricciuti, 2005. "Bringing Macroeconomics into the Lab," Labsi Experimental Economics Laboratory University of Siena 004, University of Siena.
    6. John D. Hey & Daniela Di Cagno, 2018. "Does money impede convergence?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 18, pages 391-408, World Scientific Publishing Co. Pte. Ltd..
    7. Arno Riedl & Frans van Winden, 2003. "Input Versus Output Taxation In An Experimental International Economy," Levine's Bibliography 666156000000000277, UCLA Department of Economics.
    8. Peter Hans Matthews, 2004. "Who is Post-Walrasian Man?," Middlebury College Working Paper Series 0412, Middlebury College, Department of Economics.
    9. John D. Hey & Daniela Di Cagno, 2013. "Does Sequentiality Impede Convergence?," Discussion Papers 13/03, Department of Economics, University of York.

  44. Burlando, Roberto & Hey, John D., 1997. "Do Anglo-Saxons free-ride more?," Journal of Public Economics, Elsevier, vol. 64(1), pages 41-60, April.
    See citations under working paper version above.
  45. Hey, John D. & Carbone, Enrica, 1995. "Stochastic choice with deterministic preferences: An experimental investigation," Economics Letters, Elsevier, vol. 47(2), pages 161-167, February.

    Cited by:

    1. Caliari, Daniele, 2023. "Rationality is not consistency," Discussion Papers, Research Unit: Economics of Change SP II 2023-304, WZB Berlin Social Science Center.
    2. Hey, John D., 1995. "Experimental investigations of errors in decision making under risk," European Economic Review, Elsevier, vol. 39(3-4), pages 633-640, April.
    3. Andrea Morone, 2005. "Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment," Papers on Strategic Interaction 2005-20, Max Planck Institute of Economics, Strategic Interaction Group.
    4. Bhattacharya, Mihir & Mukherjee, Saptarshi & Sonal, Ruhi, 2020. "Consumer equilibrium, random choice and hemi-Bayesian revision rule," Economics Letters, Elsevier, vol. 193(C).
    5. Blavatskyy, Pavlo R., 2008. "Stochastic utility theorem," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1049-1056, December.
    6. Chew, Soo Hong & Miao, Bin & Shen, Qiang & Zhong, Songfa, 2022. "Multiple-switching behavior in choice-list elicitation of risk preference," Journal of Economic Theory, Elsevier, vol. 204(C).
    7. Caliari, Daniele, 2023. "Behavioural welfare analysis and revealed preference: Theory and experimental evidence," Discussion Papers, Research Unit: Economics of Change SP II 2023-303, WZB Berlin Social Science Center.
    8. John A. Clithero & Jae Joon Lee & Joshua Tasoff, 2019. "Supervised Machine Learning for Eliciting Individual Demand," Papers 1904.13329, arXiv.org, revised Feb 2021.
    9. Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
    10. Wilcox, Nathaniel T., 2011. "'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
    11. Addison Pan, 2022. "Empirical tests of stochastic binary choice models," Theory and Decision, Springer, vol. 93(2), pages 259-280, September.
    12. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
    13. Jochen Jungeilges & Tatyana Ryazanova, 2018. "Output volatility and savings in a stochastic Goodwin economy," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 355-380, December.
    14. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..
    15. Charles Mason & Jason Shogren & Chad Settle & John List, 2005. "Investigating Risky Choices Over Losses Using Experimental Data," Journal of Risk and Uncertainty, Springer, vol. 31(2), pages 187-215, September.
    16. Blavatskyy, Pavlo, 2018. "Fechner’s strong utility model for choice among n>2 alternatives: Risky lotteries, Savage acts, and intertemporal payoffs," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 75-82.
    17. Blavatskyy, Pavlo, 2016. "Probability weighting and L-moments," European Journal of Operational Research, Elsevier, vol. 255(1), pages 103-109.
    18. Michalis Drouvelis & Johannes Lohse, 2020. "Cognitive abilities and risk taking: the role of preferences," Discussion Papers 20-02, Department of Economics, University of Birmingham.
    19. Pavlo R. Blavatskyy, 2024. "Harmonic choice model," Theory and Decision, Springer, vol. 96(1), pages 49-69, February.
    20. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
    21. Erick Delage & Daniel Kuhn & Wolfram Wiesemann, 2019. "“Dice”-sion–Making Under Uncertainty: When Can a Random Decision Reduce Risk?," Management Science, INFORMS, vol. 65(7), pages 3282-3301, July.
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    24. Ferro, Giuseppe M. & Kovalenko, Tatyana & Sornette, Didier, 2021. "Quantum decision theory augments rank-dependent expected utility and Cumulative Prospect Theory," Journal of Economic Psychology, Elsevier, vol. 86(C).

  46. Hey, John D., 1995. "Experimental investigations of errors in decision making under risk," European Economic Review, Elsevier, vol. 39(3-4), pages 633-640, April.

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    1. Woodford, Michael & Li, Ziang & Khaw, Mel Win, 2017. "Risk Aversion as a Perceptual Bias," CEPR Discussion Papers 11929, C.E.P.R. Discussion Papers.
    2. Duffy, Sean & Smith, John, 2020. "An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?," MPRA Paper 99417, University Library of Munich, Germany.
    3. Peter Moffatt, 2005. "Stochastic Choice and the Allocation of Cognitive Effort," Experimental Economics, Springer;Economic Science Association, vol. 8(4), pages 369-388, December.
    4. Glenn W. Harrison & John A. List, 2004. "Field Experiments," Journal of Economic Literature, American Economic Association, vol. 42(4), pages 1009-1055, December.
    5. Adam S. Booij & Bernard M.S. Van Praag & Gijs Van De Kuilen & Bernard M.S. van Praag, 2009. "A Parametric Analysis of Prospect Theory's Functionals for the General Population," CESifo Working Paper Series 2609, CESifo.
    6. Chorus, Caspar G. & de Jong, Gerard C., 2011. "Modeling experienced accessibility for utility-maximizers and regret-minimizers," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1155-1162.
    7. Huck, Steffen & Weizsacker, Georg, 1999. "Risk, complexity, and deviations from expected-value maximization: Results of a lottery choice experiment," Journal of Economic Psychology, Elsevier, vol. 20(6), pages 699-715, December.
    8. Cade Massey & George Wu, 2005. "Detecting Regime Shifts: The Causes of Under- and Overreaction," Management Science, INFORMS, vol. 51(6), pages 932-947, June.
    9. Gaudecker, Hans-Martin von & Soest, Arthur van & Wengström, Erik, 2008. "Selection and mode effects in risk preference elicitation experiments," Papers 08-46, Sonderforschungsbreich 504.
    10. John K. Dagsvik, 2006. "Axiomatization of Stochastic Models for Choice under Uncertainty," Discussion Papers 465, Statistics Norway, Research Department.
    11. David M. Bruner, 2009. "Changing the Probability versus Changing the Reward," Working Papers 09-04, Department of Economics, Appalachian State University.
    12. Pavlo Blavatskyy, 2012. "Probabilistic choice and stochastic dominance," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 59-83, May.
    13. Guido Baltussen & G. Post & Martijn Assem & Peter Wakker, 2012. "Random incentive systems in a dynamic choice experiment," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 418-443, September.
    14. Ryan Webb, 2019. "The (Neural) Dynamics of Stochastic Choice," Management Science, INFORMS, vol. 65(1), pages 230-255, January.
    15. Benjamin Enke & Cassidy Shubatt, 2023. "Quantifying Lottery Choice Complexity," CESifo Working Paper Series 10644, CESifo.
    16. Daniela Di Cagno & Werner Gürth & Noemi Pace & Arianna Galliera & Francesca Marzo, 2016. "(Sub) Optimality and (Non) Optimal Satisficing in Risky Decision Experiments," Working Papers 2016:22, Department of Economics, University of Venice "Ca' Foscari".
    17. Andrea Morone, 2005. "Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment," Papers on Strategic Interaction 2005-20, Max Planck Institute of Economics, Strategic Interaction Group.
    18. Pavlo R. Blavatskyy & Ganna Pogrebna, 2010. "Models of stochastic choice and decision theories: why both are important for analyzing decisions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(6), pages 963-986.
    19. Tigran Melkonyan & Zvi Safra, 2016. "Intrinsic Variability in Group and Individual Decision Making," Management Science, INFORMS, vol. 62(9), pages 2651-2667, September.
    20. Blavatskyy, Pavlo, 2013. "Which decision theory?," Economics Letters, Elsevier, vol. 120(1), pages 40-44.
    21. Blavatskyy, Pavlo R., 2008. "Stochastic utility theorem," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1049-1056, December.
    22. Buschena, David E. & Atwood, Joseph A., 2011. "Evaluation of similarity models for expected utility violations," Journal of Econometrics, Elsevier, vol. 162(1), pages 105-113, May.
    23. Michael H. Birnbaum & Ulrich Schmidt & Miriam D. Schneider, 2017. "Testing independence conditions in the presence of errors and splitting effects," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 61-85, February.
    24. Matthew Ryan, 2015. "A Strict Stochastic Utility Theorem," Economics Bulletin, AccessEcon, vol. 35(4), pages 2664-2672.
    25. Mel Win Khaw & Ziang Li & Michael Woodford, 2021. "Cognitive Imprecision and Small-Stakes Risk Aversion [Linear Mapping of Numbers onto Space Requires Attention]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1979-2013.
    26. Royi Jacobovic, 2022. "Regulation of a single-server queue with customers who dynamically choose their service durations," Queueing Systems: Theory and Applications, Springer, vol. 101(3), pages 245-290, August.
    27. David Buschena & David Zilberman, 2008. "Generalized expected utility, heteroscedastic error, and path dependence in risky choice," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 201-201, April.
    28. Matthew Ryan, 2018. "Stochastic Expected Utility for Binary Choice: New Representations," Working Papers 2018-06, Auckland University of Technology, Department of Economics.
    29. Maxim Pinkovskiy, 2009. "Rational Inattention and Choice Under Risk: Explaining Violations of Expected Utility Through a Shannon Entropy Formulation of the Costs of Rationality," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(1), pages 99-112, March.
    30. Duffy, Sean & Gussman, Steven & Smith, John, 2021. "Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 93(C).
    31. José Lara Resende & George Wu, 2010. "Competence effects for choices involving gains and losses," Journal of Risk and Uncertainty, Springer, vol. 40(2), pages 109-132, April.
    32. Mandy Ryan & Mabelle Amaya‐Amaya, 2005. "‘Threats’ to and hopes for estimating benefits," Health Economics, John Wiley & Sons, Ltd., vol. 14(6), pages 609-619, June.
    33. John List & Charles Mason, 2010. "Are ceos expected utility maximizers?," Artefactual Field Experiments 00090, The Field Experiments Website.
    34. David J. Freeman & Hanh T. Tong & Lanny Zrill, 2021. "Default-Setting and Default Bias: Does the Choice Architect Matter?," Discussion Papers dp21-08, Department of Economics, Simon Fraser University.
    35. Michael Woodford, 2014. "Stochastic Choice: An Optimizing Neuroeconomic Model," American Economic Review, American Economic Association, vol. 104(5), pages 495-500, May.
    36. Matthew Ryan, 2015. "Binary Choice Probabilities on Mixture Sets," Working Papers 2015-01, Auckland University of Technology, Department of Economics.
    37. Breitmoser, Yves, 2017. "Discrete Choice with Presentation Effects," Rationality and Competition Discussion Paper Series 35, CRC TRR 190 Rationality and Competition.
    38. Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
    39. Wilcox, Nathaniel T., 2011. "'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
    40. Anna Conte & John D Hey & Peter G Moffatt, 2007. "Mixture Models of Choice Under Risk," Discussion Papers 07/06, Department of Economics, University of York.
    41. Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
    42. Hans-Martin Gaudecker & Arthur Soest & Erik Wengström, 2012. "Experts in experiments," Journal of Risk and Uncertainty, Springer, vol. 45(2), pages 159-190, October.
    43. Stracca, Livio, 2004. "Behavioral finance and asset prices: Where do we stand?," Journal of Economic Psychology, Elsevier, vol. 25(3), pages 373-405, June.
    44. Addison Pan, 2022. "Empirical tests of stochastic binary choice models," Theory and Decision, Springer, vol. 93(2), pages 259-280, September.
    45. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
    46. John K. Dagsvik, 2005. "Choice under Uncertainty and Bounded Rationality," Discussion Papers 409, Statistics Norway, Research Department.
    47. Loomes, Graham & Sugden, Robert, 1995. "Incorporating a stochastic element into decision theories," European Economic Review, Elsevier, vol. 39(3-4), pages 641-648, April.
    48. Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, Elisabet E., 2009. "Behavioral Econometrics for Psychologists," Working Papers 04-2009, Copenhagen Business School, Department of Economics.
    49. Daniel Burghart & Paul Glimcher & Stephanie Lazzaro, 2013. "An expected utility maximizer walks into a bar..," Journal of Risk and Uncertainty, Springer, vol. 46(3), pages 215-246, June.
    50. Glenn W. Harrison, 2014. "Real choices and hypothetical choices," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 10, pages 236-254, Edward Elgar Publishing.
    51. Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
    52. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..
    53. Breitmoser, Yves, 2018. "The Axiomatic Foundation of Logit," Rationality and Competition Discussion Paper Series 78, CRC TRR 190 Rationality and Competition.
    54. Arkady Konovalov & Ian Krajbich, 2016. "Revealed Indifference: Using Response Times to Infer Preferences," Working Papers 16-01, Ohio State University, Department of Economics.
    55. David M. Bruner, 2017. "Does decision error decrease with risk aversion?," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 259-273, March.
    56. Charles Mason & Jason Shogren & Chad Settle & John List, 2005. "Investigating Risky Choices Over Losses Using Experimental Data," Journal of Risk and Uncertainty, Springer, vol. 31(2), pages 187-215, September.
    57. Pavlo Blavatskyy, 2014. "Stronger utility," Theory and Decision, Springer, vol. 76(2), pages 265-286, February.
    58. Blavatskyy, Pavlo, 2018. "Fechner’s strong utility model for choice among n>2 alternatives: Risky lotteries, Savage acts, and intertemporal payoffs," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 75-82.
    59. Krahnen, Jan Pieter & Rieck, Christian & Theissen, Erik, 1997. "Messung individueller Risikoeinstellungen," CFS Working Paper Series 1997/03, Center for Financial Studies (CFS).
    60. Michael Woodford, 2014. "An Optimizing Neuroeconomic Model of Discrete Choice," NBER Working Papers 19897, National Bureau of Economic Research, Inc.
    61. George Wu & Alex B. Markle, 2008. "An Empirical Test of Gain-Loss Separability in Prospect Theory," Management Science, INFORMS, vol. 54(7), pages 1322-1335, July.
    62. Blavatskyy, Pavlo, 2016. "Probability weighting and L-moments," European Journal of Operational Research, Elsevier, vol. 255(1), pages 103-109.
    63. Pavlo R. Blavatskyy, 2011. "A Model of Probabilistic Choice Satisfying First-Order Stochastic Dominance," Management Science, INFORMS, vol. 57(3), pages 542-548, March.
    64. Vieider, Ferdinand M. & Truong, Nghi & Martinsson, Peter & Pham Khanh Nam & Martinsson, Peter, 2013. "Risk preferences and development revisited: A field experiment in Vietnam," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2013-403, WZB Berlin Social Science Center.
    65. Peter Zweifel, 2021. "Mental health: The burden of social stigma," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(3), pages 813-825, May.
    66. Matthew Ryan, 2018. "Uncertainty and binary stochastic choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 629-662, May.
    67. Despoina Alempaki & Emina Canic & Timothy L. Mullett & William J. Skylark & Chris Starmer & Neil Stewart & Fabio Tufano, 2019. "Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation," Management Science, INFORMS, vol. 65(10), pages 4841-4862, October.
    68. Pavlo R. Blavatskyy, 2024. "Harmonic choice model," Theory and Decision, Springer, vol. 96(1), pages 49-69, February.
    69. Fidanoski, Filip & Johnson, Timothy, 2023. "A z-Tree implementation of the Dynamic Experiments for Estimating Preferences [DEEP] method," Journal of Behavioral and Experimental Finance, Elsevier, vol. 38(C).
    70. Pavlo Blavatskyy, 2007. "Stochastic expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 259-286, June.
    71. Schmidt, Ulrich & Neugebauer, Tibor, 2003. "An Experimental Investigation of the Role of Errors for Explaining Violations of Expected Utility," Hannover Economic Papers (HEP) dp-279, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    72. Charles-Cadogan, G., 2021. "Market Instability, Investor Sentiment, And Probability Judgment Error in Index Option Prices," CRETA Online Discussion Paper Series 71, Centre for Research in Economic Theory and its Applications CRETA.

  47. Enrica Carbone & John D. Hey, 1995. "A Comparison of the Estimates of Expected Utility and Non-Expected-Utility Preference Functionals," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 20(1), pages 111-133, June.

    Cited by:

    1. Bruno Jullien & Bernard Salanié, 1997. "Estimating Preferences under Risk : The Case of Racetrack Bettors," Working Papers 97-39, Center for Research in Economics and Statistics.
    2. Nuno Garoupa, 1998. "Crime and punishment: Further results," Economics Working Papers 344, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Holzmeister, Felix & Stefan, Matthias, 2019. "The Risk Elicitation Puzzle Revisited: Across-Methods (In)consistency?," OSF Preprints pj9u2, Center for Open Science.
    4. Felix Holzmeister & Matthias Stefan, 2019. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Working Papers 2019-19, Faculty of Economics and Statistics, Universität Innsbruck.
    5. Felix Holzmeister & Matthias Stefan, 2021. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Experimental Economics, Springer;Economic Science Association, vol. 24(2), pages 593-616, June.

  48. Hey, John D., 1994. "Expectations formation: Rational or adaptive or ...?," Journal of Economic Behavior & Organization, Elsevier, vol. 25(3), pages 329-349, December.

    Cited by:

    1. Annarita COLASANTE & Antonio PALESTRINI & Alberto RUSSO & Mauro GALLEGATI, 2015. "Adaptive Expectations with Correction Bias: Evidence from the lab," Working Papers 409, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Tamotsu Onozaki, 2018. "Nonlinearity, Bounded Rationality, and Heterogeneity," Springer Books, Springer, number 978-4-431-54971-0, June.
    3. Bottazzi, Giulio & Devetag, Giovanna & Pancotto, Francesca, 2011. "Does volatility matter? Expectations of price return and variability in an asset pricing experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 124-146, February.
    4. Johannes Leitner & Robert Schmidt, 2007. "Expectation formation in an experimental foreign exchange market," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 15(2), pages 167-184, June.
    5. Colasante, Annarita & Palestrini, Antonio & Russo, Alberto & Gallegati, Mauro, 2017. "Adaptive expectations versus rational expectations: Evidence from the lab," International Journal of Forecasting, Elsevier, vol. 33(4), pages 988-1006.
    6. Pfajfar, Damjan & Santoro, Emiliano, 2010. "Heterogeneity, learning and information stickiness in inflation expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 75(3), pages 426-444, September.
    7. Luis Ricardo Maertens & Gabriel Rodríguez, 2012. "Inflation Expectations Formation In The Presence Of Policy Shifts And Structural Breaks: An Experimental Analysis," Documentos de Trabajo / Working Papers 2012-339, Departamento de Economía - Pontificia Universidad Católica del Perú.
    8. Mary A. Burke & Michael Manz, 2014. "Economic Literacy and Inflation Expectations: Evidence from a Laboratory Experiment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(7), pages 1421-1456, October.
    9. Eleonora Granziera & Sharon Kozicki, 2012. "House Price Dynamics: Fundamentals and Expectations," Staff Working Papers 12-12, Bank of Canada.
    10. Hommes, C.H. & Sonnemans, J. & Tuinstra, J. & Velden, H. van de, 2002. "Expectations and Bubbles in Asset Pricing Experiments," CeNDEF Working Papers 02-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    11. Bao, Te & Hommes, Cars & Pei, Jiaoying, 2021. "Expectation formation in finance and macroeconomics: A review of new experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    12. Mason, Charles F. & Phillips, Owen R., 2001. "Dynamic learning in a two-person experimental game," Journal of Economic Dynamics and Control, Elsevier, vol. 25(9), pages 1305-1344, September.
    13. Das, J.W.M. & van Soest, A.H.O., 1995. "Expected and Realized Income Changes : Evidence From the Dutch Socio-Economic Panel," Discussion Paper 1995-52, Tilburg University, Center for Economic Research.
    14. John Beshears & James J. Choi & Andreas Fuster & David Laibson & Brigitte C. Madrian, 2013. "What Goes Up Must Come Down? Experimental Evidence on Intuitive Forecasting," American Economic Review, American Economic Association, vol. 103(3), pages 570-574, May.
    15. Heemeijer, Peter & Hommes, Cars & Sonnemans, Joep & Tuinstra, Jan, 2009. "Price stability and volatility in markets with positive and negative expectations feedback: An experimental investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 33(5), pages 1052-1072, May.
    16. Leitner, Johannes & Schmidt, Robert & Bofinger, Peter, 2003. "Biases of professional exchange rate forecasts: Psychological explanations and an experimentally based comparison to novices," W.E.P. - Würzburg Economic Papers 39, University of Würzburg, Department of Economics.
    17. Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
    18. Michele Bernasconi & Oliver Kirchkamp & Paolo Paruolo, 2009. "Do fiscal variables affect fiscal expectations? Experiments with real world and lab data," Post-Print hal-00688186, HAL.
    19. Jean Paul Rabanal & Aleksei Chernulich & John Horowitz & Olga A. Rud & Manizha Sharifova, 2019. "Market timing under public and private information," Working Papers 151, Peruvian Economic Association.
    20. Hommes, C.H., 2007. "Bounded Rationality and Learning in Complex Markets," CeNDEF Working Papers 07-01, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    21. Cars Hommes & Florian Wagener, 2008. "Complex Evolutionary Systems in Behavioral Finance," Tinbergen Institute Discussion Papers 08-054/1, Tinbergen Institute.
    22. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Paper 334, Department of Economics, University of Pittsburgh, revised Jun 2014.
    23. Otwin Becker & Johannes Leitner & Ulrike Leopold‐Wildburger, 2008. "Modeling Expectation Formation Involving Several Sources of Information," German Economic Review, Verein für Socialpolitik, vol. 9(1), pages 96-112, February.
    24. Andreas Fuster & Benjamin Hebert & David Laibson, 2012. "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing," NBER Macroeconomics Annual, University of Chicago Press, vol. 26(1), pages 1-48.
    25. Colasante, Annarita & Palestrini, Antonio & Russo, Alberto & Gallegati, Mauro, 2015. "Heterogeneous Adaptive Expectations and Coordination in a Learning-to-Forecast Experiment," MPRA Paper 66578, University Library of Munich, Germany.
    26. Domenico Colucci & Vincenzo Valori, 2004. "Adaptive learning in the Cobweb with an endogenous gain sequence," Working Papers - Mathematical Economics 2004-01, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    27. Alfred Maußner, 1997. "Learning to believe in nonrational expectations that support pareto-superior outcomes," Journal of Economics, Springer, vol. 65(3), pages 235-256, October.
    28. C.H. Hommes & J.H. Sonnemans & J. Tuinstra & H. van de Velde, 2003. "Learning in Cobweb Experiments," Tinbergen Institute Discussion Papers 03-020/1, Tinbergen Institute.
    29. Tiziana Assenza & Te Bao & Cars Hommes & Domenico Massaro, 2014. "Experiments on Expectations in Macroeconomics and Finance," Research in Experimental Economics, in: Experiments in Macroeconomics, volume 17, pages 11-70, Emerald Group Publishing Limited.
    30. Olivier Armantier & Scott Nelson & Giorgio Topa & Wilbert van der Klaauw & Basit Zafar, 2016. "The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment," The Review of Economics and Statistics, MIT Press, vol. 98(3), pages 503-523, July.
    31. Lang, Harald & Konrad, Kai A. & Morath, Florian, 2015. "A Glance into the Tunnel: Experimental Evidence of Expectations Versus Comparison Considerations," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113017, Verein für Socialpolitik / German Economic Association.
    32. Deversi, Marvin, 2014. "Do Macroeconomic Shocks Affect Intuitive Inflation Forecasting? An Experimental Investigation," Ruhr Economic Papers 528, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    33. Michael W. M. Roos & Wolfgang J. Luhan, 2013. "Information, Learning and Expectations in an Experimental Model Economy," Economica, London School of Economics and Political Science, vol. 80(319), pages 513-531, July.
    34. Kopányi, Dávid & Rabanal, Jean Paul & Rud, Olga A. & Tuinstra, Jan, 2019. "Can competition between forecasters stabilize asset prices in learning to forecast experiments?," Journal of Economic Dynamics and Control, Elsevier, vol. 109(C).
    35. Marius Eisele & Christian Troost & Thomas Berger, 2021. "How Bayesian Are Farmers When Making Climate Adaptation Decisions? A Computer Laboratory Experiment for Parameterising Models of Expectation Formation," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(3), pages 805-828, September.
    36. Jasman Tuyon & Zamri Ahmad, 2021. "Dynamic risk attributes in Malaysia stock markets: Behavioural finance insights," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5793-5814, October.
    37. Florian Peters & Simas Kucinskas, 2018. "Measuring Biases in Expectation Formation," Tinbergen Institute Discussion Papers 18-058/IV, Tinbergen Institute.
    38. Fuster, Andreas & Hebert, Benjamin Michael & Laibson, David I., 2012. "Investment Dynamics with Natural Expectations," Scholarly Articles 10139283, Harvard University Department of Economics.
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    41. Anufriev, M. & Hommes, C.H. & Philipse, R., 2010. "Evolutionary Selection of Expectations in Positive and Negative Feedback Markets," CeNDEF Working Papers 10-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
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    44. Chernulich, Aleksei & Horowitz, John & Rabanal, Jean Paul & Rud, Olga A & Sharifova , Manizha, 2021. "Entry and exit decisions under public and private information: An experiment," UiS Working Papers in Economics and Finance 2021/3, University of Stavanger.
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    48. Aleksei Chernulich & John Horowitz & Jean Paul Rabanal & Olga Rud & Manizha Sharifova, 2023. "Entry and exit decisions under public and private information: an experiment," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 339-356, April.
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    55. Antonio Doria, Francisco, 2011. "J.B. Rosser Jr. , Handbook of Research on Complexity, Edward Elgar, Cheltenham, UK--Northampton, MA, USA (2009) 436 + viii pp., index, ISBN 978 1 84542 089 5 (cased)," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 196-204, April.
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    1. David M. Bruner, 2009. "Changing the Probability versus Changing the Reward," Working Papers 09-04, Department of Economics, Appalachian State University.
    2. John Hey & Enrica Carbone, "undated". "Which Error Theory is Best?," Discussion Papers 99/31, Department of Economics, University of York.
    3. Healy, Paul J. & Park, Hyoeun, 2023. "Model selection accuracy in behavioral game theory: A simulation," European Economic Review, Elsevier, vol. 152(C).
    4. Jakusch, Sven Thorsten & Meyer, Steffen & Hackethal, Andreas, 2019. "Taming models of prospect theory in the wild? Estimation of Vlcek and Hens (2011)," SAFE Working Paper Series 146, Leibniz Institute for Financial Research SAFE, revised 2019.
    5. Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
    6. Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
    7. John Hey, 2018. "Comparing Theories: What Are We Looking For?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 14, pages 331-352, World Scientific Publishing Co. Pte. Ltd..
    8. David M. Bruner, 2017. "Does decision error decrease with risk aversion?," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 259-273, March.
    9. Bertrand Munier, 1995. "Méthodes expérimentales d'évaluation des théories du risque," Revue Économique, Programme National Persée, vol. 46(3), pages 939-949.

  50. Hey, John D & Orme, Chris, 1994. "Investigating Generalizations of Expected Utility Theory Using Experimental Data," Econometrica, Econometric Society, vol. 62(6), pages 1291-1326, November.

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    1. Woodford, Michael & Li, Ziang & Khaw, Mel Win, 2017. "Risk Aversion as a Perceptual Bias," CEPR Discussion Papers 11929, C.E.P.R. Discussion Papers.
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    6. Morone, Andrea, 2010. "On price data elicitation: A laboratory investigation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(5), pages 540-545, October.
    7. Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
    8. Carlos Alós-Ferrer & Michele Garagnani, 2022. "Who likes it more? Using response times to elicit group preferences in surveys," ECON - Working Papers 422, Department of Economics - University of Zurich.
    9. Abdellaoui, Mohammed & Bleichrodt, Han, 2007. "Eliciting Gul's theory of disappointment aversion by the tradeoff method," Journal of Economic Psychology, Elsevier, vol. 28(6), pages 631-645, December.
    10. Morone, Andrea & Schmidt, Ulrich, 2003. "An Experimental Investigation of Alternatives to Expected Utility Using Pricing Data," Hannover Economic Papers (HEP) dp-280, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    11. Natalia Shestakova, 2010. "Pricing Scheme Choice: How Process Affects Outcome," CERGE-EI Working Papers wp411, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
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    2. Suetens, S., 2003. "A Duopoly Experiment on Cooperative and Noncooperative R&D," Discussion Paper 2003-77, Tilburg University, Center for Economic Research.
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    4. Cary Deck & Nisvan Erkal, 2009. "An Experimental Analysis of Dynamic Incentives to Share Knowledge," Department of Economics - Working Papers Series 1083, The University of Melbourne.
    5. Julia Brüggemann & Kilian Bizer, 2016. "Laboratory experiments in innovation research: a methodological overview and a review of the current literature," Journal of Innovation and Entrepreneurship, Springer, vol. 5(1), pages 1-13, December.
    6. Cary Deck & Erik O. Kimbrough, 2016. "Experimenting with Contests for Experimentation," Discussion Papers dp16-13, Department of Economics, Simon Fraser University.
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    2. Enrica Carbone & John Hey, "undated". "A Test of the Principle of Optimality," Discussion Papers 99/9, Department of Economics, University of York.

  53. Hey, John D, 1989. "Reply [Theory versus Empiricism in Academic Economics: Update and Comparison]," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 209-210, Fall.

    Cited by:

    1. Adriano Birolo & Annalisa Rosselli, 2010. "Research standards for the Italian young academics: what has changed over the last thirty years?," CEIS Research Paper 161, Tor Vergata University, CEIS, revised 28 May 2010.

  54. Hey, John D & Martina, Riccardo, 1988. "Reactions to Reactions and Conjectures about Conjectures," Scottish Journal of Political Economy, Scottish Economic Society, vol. 35(3), pages 283-290, August.

    Cited by:

    1. Holloway, Garth J., 1995. "Conjectural Variations With Fewer Apologies," Working Papers 225880, University of California, Davis, Department of Agricultural and Resource Economics.

  55. Hey, John D., 1987. "Still searching," Journal of Economic Behavior & Organization, Elsevier, vol. 8(1), pages 137-144, March.

    Cited by:

    1. Rami Zwick & Amnon Rapoport & Alison King Chung Lo & A. V. Muthukrishnan, 2001. "Consumer Search: Not Enough Or Too Much?," Experimental 0110002, University Library of Munich, Germany.
    2. Schunk, Daniel & Winter, Joachim, 2004. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Sonderforschungsbereich 504 Publications 04-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    3. Boone, Jan & Sadrieh, Abdolkarim & van Ours, Jan C., 2004. "Experiments on Unemployment Benefit Sanctions and Job Search Behavior," IZA Discussion Papers 1000, Institute of Labor Economics (IZA).
    4. Colin Camerer, 2010. "Do biases in probability judgement matter in markets: experimental evidence," Levine's Working Paper Archive 268, David K. Levine.
    5. Daniel Houser & Michael Keane & Kevin McCabe, 2002. "Behavior in a dynamic decision problem: An analysis of experimental evidence using a bayesian type classification algorithm," Experimental 0211001, University Library of Munich, Germany.
    6. Daniela Di Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014. "Recall Searching with and without Recall," Working Papers 2014/14, Economics Department, Universitat Jaume I, Castellón (Spain).
    7. Daniel Friedman & Kai Pommerenke & Rajan Lukose & Garret Milam & Bernardo A. Huberman, 2004. "Searching for the Sunk Cost Fallacy," Experimental 0407008, University Library of Munich, Germany.
    8. Rothlauf, Franz & Schunk, Daniel & Pfeiffer, Jella, 2005. "Classification of human decision behavior : finding modular decision rules with genetic algorithms," Papers 05-04, Sonderforschungsbreich 504.
    9. James Cox & Ronald Oaxaca, 2000. "Good News and Bad News: Search from Unknown Wage Offer Distributions," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 197-225, March.
    10. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Paper 334, Department of Economics, University of Pittsburgh, revised Jun 2014.
    11. Houser, Daniel & Winter, Joachim, 2000. "Time preference and decision rules in a price search experiment," Sonderforschungsbereich 504 Publications 01-34, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    12. Joep Sonnemans, 1998. "Decision and Strategies in a Sequential Search Experiment," Tinbergen Institute Discussion Papers 98-032/1, Tinbergen Institute.
    13. Christopher Anderson, 2012. "Ambiguity aversion in multi-armed bandit problems," Theory and Decision, Springer, vol. 72(1), pages 15-33, January.
    14. Brannon, James I. & Gorman, Michael F., 2002. "The effects of information costs on search and convergence in experimental markets," Journal of Economic Behavior & Organization, Elsevier, vol. 47(4), pages 375-390, April.
    15. Liran Einav, 2005. "Informational Asymmetries and Observational Learning in Search," Journal of Risk and Uncertainty, Springer, vol. 30(3), pages 241-259, May.
    16. Feri, Francesco & Gantner, Anita, 2011. "Bargaining or searching for a better price? - An experimental study," Games and Economic Behavior, Elsevier, vol. 72(2), pages 376-399, June.
    17. D.J. Butler & G. Loomes, 1992. "Procedural Rationality in Consumer Search: An experimental investigation," Economics Discussion / Working Papers 92-14, The University of Western Australia, Department of Economics.
    18. Schunk, Daniel, 2005. "Search behaviour with reference point preferences : theory and experimental evidence," Papers 05-12, Sonderforschungsbreich 504.
    19. Wayne Edwards & Lee Huskey, 2008. "Job search with an external opportunity: an experimental exploration of the Todaro Paradox," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 807-819, December.
    20. Schunk, Daniel, 2009. "Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1719-1738, September.
    21. Eriksson, Kimmo & Strimling, Pontus, 2010. "The devil is in the details: Incorrect intuitions in optimal search," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 338-347, August.
    22. Sonnemans, Joep, 1998. "Strategies of search," Journal of Economic Behavior & Organization, Elsevier, vol. 35(3), pages 309-332, April.
    23. , & ,, 2013. "Choice by iterative search," Theoretical Economics, Econometric Society, vol. 8(3), September.
    24. Wayne Edwards & Lee Huskey, 2014. "The search goes on: Parameter effects on the return migration decision," Migration Letters, Migration Letters, vol. 11(1), pages 79-89, January.
    25. Bearden, J. Neil & Connolly, Terry, 2007. "Multi-attribute sequential search," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 147-158, May.
    26. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    27. Moon, Philip & Martin, Andrew, 1996. "The search for consistency in economic search," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 311-321, March.

  56. Hey, John D & Dardanoni, Valentino, 1987. "Optimal Consumption under Uncertainty: An Experimental Investigation," Economic Journal, Royal Economic Society, vol. 98(390), pages 105-116, Supplemen.

    Cited by:

    1. Ferruccio Ponzano & Roberto Ricciuti, 2012. "An Experimental AK Model of Growth," CESifo Working Paper Series 3744, CESifo.
    2. Vivian Lei & Charles N. Noussair, 2002. "An Experimental Test of an Optimal Growth Model," American Economic Review, American Economic Association, vol. 92(3), pages 549-570, June.
    3. Wolfgang Luhan & Johann Scharler, 2013. "Monetary Policy, Inflation Illusion and the Taylor Principle: An Experimental Study," Working Papers 2013-03, Faculty of Economics and Statistics, Universität Innsbruck.
    4. Muller, Wieland, 2001. "Strategies, heuristics, and the relevance of risk-aversion in a dynamic decision problem," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 493-522, August.
    5. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Paper 334, Department of Economics, University of Pittsburgh, revised Jun 2014.
    6. Rodepeter, Ralf & Winter, Joachim, 1999. "Rules of thumb in life-cycle savings models," Papers 99-81, Sonderforschungsbreich 504.
    7. Brosig-Koch, Jeannette & Keldenich, Klemens, 2012. "The More You Know? – Consumption Behavior and the Communication of Economic Information," Ruhr Economic Papers 387, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    8. Ballinger, T.P. & Palumbo, M.G. & Wilcox, N.T., 1998. "Precautionary Saving in the Laboratory," Papers 98-04, Houston - Department of Economics.
    9. T. Parker Ballinger & Michael G. Palumbo & Nathaniel T. Wilcox, 2003. "Precautionary saving and social learning across generations: an experiment," Economic Journal, Royal Economic Society, vol. 113(490), pages 920-947, October.
    10. Enrica Carbone, 2006. "Understanding intertemporal choices," Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 889-898.
    11. Harald Uhlig & Martin Lettau, 1999. "Rules of Thumb versus Dynamic Programming," American Economic Review, American Economic Association, vol. 89(1), pages 148-174, March.
    12. Anderhub, Vital & Gneezy, Uri & Güth, Werner & Sonsino, Doron, 1999. "On the interaction of risk and time preferences: An experimental study," SFB 373 Discussion Papers 1999,65, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    13. T. Ballinger & Eric Hudson & Leonie Karkoviata & Nathaniel Wilcox, 2011. "Saving behavior and cognitive abilities," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 349-374, September.
    14. Enrique Fatás & Juan A. Lacomba & Francisco M. Lagos & Ana I. Moro, 2008. "Experimental tests on consumption, savings and pensions," ThE Papers 08/14, Department of Economic Theory and Economic History of the University of Granada..
    15. Sebastian Gechert & Jan Siebert, 2019. "Preferences over wealth," IMK Working Paper 200-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    16. Gechert, Sebastian & Siebert, Jan, 2022. "Preferences over wealth: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 1297-1317.
    17. John Duffy & Enrica Carbone, 2013. "Lifecycle Consumption Plans, Social Learning and External Habits: Experimental Evidence," Working Paper 513, Department of Economics, University of Pittsburgh, revised Sep 2013.

  57. Hey, John D, 1987. "The Dynamic Competitive Firm under Spot Price Uncertainty," The Manchester School of Economic & Social Studies, University of Manchester, vol. 55(1), pages 1-12, March.

    Cited by:

    1. Lence, Sergio H & Hayes, Dermot J., 1995. "Optimal Hedging Under Forward-Looking Behaviour," ISU General Staff Papers 199512010800001137, Iowa State University, Department of Economics.
    2. Lence, Sergio H & Sakong, Yong & Hayes, Dermot J., 1994. "Multiperiod Production with Forward and Option Markets," ISU General Staff Papers 199401010800001140, Iowa State University, Department of Economics.
    3. Sergio H. Lence & Dermot J. Hayes, 1998. "The Forward-Looking Competitive Firm under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 303-312.
    4. Matthias Pelster, 2015. "Marketable and non-hedgeable risk in a duopoly framework with hedging," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(4), pages 697-716, October.
    5. Lence, Sergio Horacio, 1991. "Dynamic firm behavior under uncertainty," ISU General Staff Papers 1991010108000010656, Iowa State University, Department of Economics.
    6. Wahl, Jack E. & Broll, Udo, 2009. "Güterwirtschaftliches Risikomanagement: Ein Entscheidungsmodell zur Lagerpolitik bei Unsicherheit," Dresden Discussion Paper Series in Economics 14/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    7. Nyassoke Titi Gaston Clément & Sadefo Kamdem Jules & Fono Louis Aimé, 2022. "Dynamic optimal hedge ratio design when price and production are stochastic with jump," Annals of Finance, Springer, vol. 18(3), pages 419-428, September.

  58. John D. Hey, 1985. "The Possibility of Possibility," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 12(1/2), pages 70-88, January.

    Cited by:

    1. Pascal Le Masson & Armand Hatchuel & Mario Le Glatin & Benoit Weil, 2018. "Designing Decisions In The Unknown: Towards A Generative Decision Model For Management Science," Post-Print hal-01937103, HAL.

  59. Hey, John D, 1985. "Relative Risk Aversion in Comparative Statics: Comment," American Economic Review, American Economic Association, vol. 75(1), pages 284-285, March.

    Cited by:

    1. Hennessy, David A., 1993. "Applications of contingent claims theory to microeconomic problems," ISU General Staff Papers 1993010108000011822, Iowa State University, Department of Economics.
    2. Kruschwitz, Lutz & Löffler, Andreas, 2009. "Do taxes matter in the CAPM?," arqus Discussion Papers in Quantitative Tax Research 73, arqus - Arbeitskreis Quantitative Steuerlehre.
    3. Dionne, G. & Pellerin, M., 1987. "Investissement En Incertitude Extension du Probleme de la Taille Optimale D'une Usine," Cahiers de recherche 8745, Universite de Montreal, Departement de sciences economiques.
    4. Soule, Meredith J. & Nimon, R. Wesley & Mullarkey, Daniel J., 2001. "Risk Management And The Environment: Impacts At The Intensive And Extensive Margins," 2001 Annual meeting, August 5-8, Chicago, IL 20670, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

  60. John D. Hey, 1984. "The Economics of Optimism and Pessimism," Kyklos, Wiley Blackwell, vol. 37(2), pages 181-205, May.

    Cited by:

    1. Karni, Edi, 1992. "Utility theory with probability-dependent outcome valuation," Journal of Economic Theory, Elsevier, vol. 57(1), pages 111-124.
    2. Malmendier, Ulrike & Tate, Geoffrey, 2008. "Who makes acquisitions? CEO overconfidence and the market's reaction," Journal of Financial Economics, Elsevier, vol. 89(1), pages 20-43, July.
    3. Matthew D. Rablen, 2023. "Loss Aversion, Risk Aversion, and the Shape of the Probability Weighting Function," CESifo Working Paper Series 10491, CESifo.
    4. Santos-Pinto, Luís & Astebro, Thomas & Mata, José, 2009. "Preference for Skew in Lotteries: Evidence from the Laboratory," MPRA Paper 17165, University Library of Munich, Germany.
    5. Fahd Rehman & Russel J. Cooper, 2023. "Effective GDP: A Cross‐Country Comparison," The World Economy, Wiley Blackwell, vol. 46(3), pages 619-652, March.
    6. Duncan, Steven Scott, 1988. "The relevant forecast of variance of income for marketing decisions under uncertainty," ISU General Staff Papers 198801010800009839, Iowa State University, Department of Economics.
    7. V. I. Yukalov & D. Sornette, 2012. "Quantum decision making by social agents," Papers 1202.4918, arXiv.org, revised Oct 2015.
    8. Miettinen, Topi & Kosfeld, Michael & Fehr, Ernst & Weibull, Jörgen, 2020. "Revealed preferences in a sequential prisoners’ dilemma: A horse-race between six utility functions," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 1-25.
    9. Chaikal Nuryakin & Alistair Munro, 2019. "Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro," The Japanese Economic Review, Japanese Economic Association, vol. 70(2), pages 168-188, June.
    10. Dawson, Chris, 2017. "The upside of pessimism − Biased beliefs and the paradox of the contented female worker," Journal of Economic Behavior & Organization, Elsevier, vol. 135(C), pages 215-228.
    11. Weinstock, Eyal & Sonsino, Doron, 2014. "Are risk-seekers more optimistic? Non-parametric approach," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 236-251.
    12. Astri Muren, 2012. "Optimistic Behavior When A Decision Bias Is Costly: An Experimental Test," Economic Inquiry, Western Economic Association International, vol. 50(2), pages 463-469, April.
    13. Xiaojun Shi & Hiroshi Tsuji & Shunming Zhang, 2012. "Introducing Heterogeneity of Managers' Attitude into Behavioral Risk Scoring for Software Offshoring," Systems Research and Behavioral Science, Wiley Blackwell, vol. 29(3), pages 299-316, May.
    14. Mark Grinblatt & Matti Keloharju, 2006. "Sensation Seeking, Overconfidence, and Trading Activity," NBER Working Papers 12223, National Bureau of Economic Research, Inc.
    15. K. Skylar Powell & Eunah Lim & Hidenori Takahashi, 2023. "Chasing ‘Animal spirits’: business expectations, performance feedback, and advertising intensity in Japanese firms," Asian Business & Management, Palgrave Macmillan, vol. 22(3), pages 1035-1064, July.
    16. Hocine, Amine & Kouaissah, Noureddine, 2020. "XOR analytic hierarchy process and its application in the renewable energy sector," Omega, Elsevier, vol. 97(C).
    17. Ravindra Singh & Ajay Dwivedi & Shikha Gupta & Sumanjeet Singh & Seema Singh, 2022. "Elucidating the moderating role of personality traits in probing the linkage between digital entrepreneurship characteristics and perceived opportunities," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 175-188, December.
    18. Mayraz, Guy, 2011. "Priors and desires," LSE Research Online Documents on Economics 121944, London School of Economics and Political Science, LSE Library.
    19. Michael Lechner & Friedhelm Pfeiffer & Gert Wagner, 1991. "Die Arbeitsmarkterwartung in der DDR kurz vor der Währungsunion," Discussion Papers of DIW Berlin 22, DIW Berlin, German Institute for Economic Research.
    20. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? New Evidence on Entrepreneurial Optimism," Working Papers 2014:1, Lund University, Department of Economics.
    21. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? A New Type of Evidence on Entrepreneurial Optimism," Working Paper Series 1008, Research Institute of Industrial Economics.
    22. Giuseppe M Ferro & Didier Sornette, 2020. "Stochastic representation decision theory: How probabilities and values are entangled dual characteristics in cognitive processes," PLOS ONE, Public Library of Science, vol. 15(12), pages 1-26, December.
    23. Ferro, Giuseppe M. & Kovalenko, Tatyana & Sornette, Didier, 2021. "Quantum decision theory augments rank-dependent expected utility and Cumulative Prospect Theory," Journal of Economic Psychology, Elsevier, vol. 86(C).

  61. Hey, John D, 1984. "Optimal Consumption When Income Follows a Markov Process," Bulletin of Economic Research, Wiley Blackwell, vol. 36(2), pages 109-118, November.

    Cited by:

    1. Pemberton, James, 1997. "Modelling and measuring income uncertainty in life cycle models," Economic Modelling, Elsevier, vol. 14(1), pages 81-98, January.
    2. Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-03, University at Albany, SUNY, Department of Economics.

  62. Hey, John D, 1983. "Whither Uncertainty?," Economic Journal, Royal Economic Society, vol. 93(369a), pages 130-139, Supplemen.

    Cited by:

    1. Duncan, Steven Scott, 1988. "The relevant forecast of variance of income for marketing decisions under uncertainty," ISU General Staff Papers 198801010800009839, Iowa State University, Department of Economics.
    2. Muller, Wieland, 2001. "Strategies, heuristics, and the relevance of risk-aversion in a dynamic decision problem," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 493-522, August.
    3. Timothy PARK & Luanne LOHR, 1996. "Wholesaler Markup Decisions Under Demand Uncertainty," Faculty Series 96-13, University of Georgia, Department of Agricultural and Applied Economics.
    4. Alho, Juha M., 2014. "Forecasting demographic forecasts," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1128-1135.

  63. Hey, John D. & Patel, Mahesh S., 1983. "Prevention and cure? : Or: Is an ounce of prevention worth a pound of cure?," Journal of Health Economics, Elsevier, vol. 2(2), pages 119-138, August.

    Cited by:

    1. Griebenow, Malte, 2023. "Should physicians team up to treat chronic diseases?," Journal of Health Economics, Elsevier, vol. 89(C).
    2. Lurås, Hilde, 2009. "A healthy lifestyle: The product of opportunities and preferences," HERO Online Working Paper Series 2001:11, University of Oslo, Health Economics Research Programme.
    3. Hui Zhang & Christian Wernz & Danny R. Hughes, 2018. "A Stochastic Game Analysis of Incentives and Behavioral Barriers in Chronic Disease Management," Service Science, INFORMS, vol. 10(3), pages 302-319, September.
    4. Gerard Russo, 1989. "Moral Hazard and Optimal Cigarette Taxation," Working Papers 198918, University of Hawaii at Manoa, Department of Economics.
    5. Jon Gjerde & Sverre Grepperud & Snorre Kverndokk, 2005. "On adaptation and the demand for health," Applied Economics, Taylor & Francis Journals, vol. 37(11), pages 1283-1301.
    6. Pierre Thomas Léger, 2001. "Willingness to Pay for Improvements in Air Quality," Cahiers de recherche 01-02, HEC Montréal, Institut d'économie appliquée.
    7. David A. Hennessy, 2008. "Prevention and cure efforts both substitute and complement," Health Economics, John Wiley & Sons, Ltd., vol. 17(4), pages 503-511, April.
    8. Strand, Jon, 2006. "Valuation of environmental improvements in continuous time with mortality and morbidity effects," Resource and Energy Economics, Elsevier, vol. 28(3), pages 229-241, August.
    9. Bancalari, Antonella & Bernal, Pedro & Celhay, Pablo & Martinez, Sebastian & Sánchez, Maria Deni, 2023. "An Ounce of Prevention for a Pound of Cure: Efficiency of Community-Based Healthcare," IZA Discussion Papers 16350, Institute of Labor Economics (IZA).
    10. Bancalari, Antonella & Bernal, Pedro & Celhay, Pablo & Martinez, Sebastian & Sánchez, María Deni, 2024. "An Ounce of Prevention for a Pound of Cure: Basic Health Care and Efficiency in Health Systems," IDB Publications (Working Papers) 13433, Inter-American Development Bank.
    11. Nocetti Diego & Smith William T, 2010. "Uncertainty, the Demand for Health Care, and Precautionary Saving," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-31, August.
    12. John Cairns & Phil Shackley, 1993. "Sometimes sensitive, seldom specific: A review of the economics of screening," Health Economics, John Wiley & Sons, Ltd., vol. 2(1), pages 43-53, April.
    13. Carman, Katherine Grace & Kooreman, Peter, 2011. "Flu Shots, Mammograms, and the Perception of Probabilities," IZA Discussion Papers 5739, Institute of Labor Economics (IZA).
    14. Bate, Andrew M. & Jones, Glyn & Kleczkowski, Adam & MacLeod, Alan & Naylor, Rebecca & Timmis, Jon & Touza, Julia & White, Piran C.L., 2016. "Modelling the impact and control of an infectious disease in a plant nursery with infected plant material inputs," Ecological Modelling, Elsevier, vol. 334(C), pages 27-43.
    15. Gilleskie, Donna B. & Harrison, Amy L., 1998. "The effect of endogenous health inputs on the relationship between health and education," Economics of Education Review, Elsevier, vol. 17(3), pages 279-295, June.
    16. Richard Peter, 2021. "A fresh look at primary prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 30(5), pages 1247-1254, May.
    17. Katherine Carman & Peter Kooreman, 2014. "Probability perceptions and preventive health care," Journal of Risk and Uncertainty, Springer, vol. 49(1), pages 43-71, August.
    18. Vandoros, Sotiris & Carman, Katherine Grace, 2011. "Demand and pricing of preventative healthcare," LSE Research Online Documents on Economics 37159, London School of Economics and Political Science, LSE Library.

  64. Hey, John D., 1982. "Search for rules for search," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 65-81, March.

    Cited by:

    1. Schunk, Daniel & Winter, Joachim, 2004. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Sonderforschungsbereich 504 Publications 04-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    2. Boone, Jan & Sadrieh, Abdolkarim & van Ours, Jan C., 2004. "Experiments on Unemployment Benefit Sanctions and Job Search Behavior," IZA Discussion Papers 1000, Institute of Labor Economics (IZA).
    3. Inukai, Keigo & Kawata, Keisuke & Sasaki, Masaru, 2017. "Committee Search with Ex-ante Heterogeneous Agents: Theory and Experimental Evidence," IZA Discussion Papers 10760, Institute of Labor Economics (IZA).
    4. Colin Camerer, 2010. "Do biases in probability judgement matter in markets: experimental evidence," Levine's Working Paper Archive 268, David K. Levine.
    5. Stuart Kauffman & Jose Lobo & William G. Macready, 1998. "Optimal Search on a Technology Landscape," Research in Economics 98-10-091e, Santa Fe Institute.
    6. Daniela Di Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014. "Recall Searching with and without Recall," Working Papers 2014/14, Economics Department, Universitat Jaume I, Castellón (Spain).
    7. Timothy N. Cason & Shakun D. Mago, 2010. "Costly Buyer Search In Laboratory Markets With Seller Advertising," Journal of Industrial Economics, Wiley Blackwell, vol. 58(2), pages 424-449, June.
    8. Jingcheng Fu & Martin Sefton & Richard Upward, 2017. "Social comparisons in job search: experimental evidence," Discussion Papers 2017-10, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    9. Daniel Friedman & Kai Pommerenke & Rajan Lukose & Garret Milam & Bernardo A. Huberman, 2004. "Searching for the Sunk Cost Fallacy," Experimental 0407008, University Library of Munich, Germany.
    10. Rothlauf, Franz & Schunk, Daniel & Pfeiffer, Jella, 2005. "Classification of human decision behavior : finding modular decision rules with genetic algorithms," Papers 05-04, Sonderforschungsbreich 504.
    11. James Cox & Ronald Oaxaca, 2000. "Good News and Bad News: Search from Unknown Wage Offer Distributions," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 197-225, March.
    12. Mousavi, Shabnam & Gigerenzer, Gerd, 2014. "Risk, uncertainty, and heuristics," Journal of Business Research, Elsevier, vol. 67(8), pages 1671-1678.
    13. Houser, Daniel & Winter, Joachim, 2000. "Time preference and decision rules in a price search experiment," Sonderforschungsbereich 504 Publications 01-34, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    14. Jella Pfeiffer & Michael Scholz, 2013. "A Low-Effort Recommendation System with High Accuracy," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 5(6), pages 397-408, December.
    15. Julie Ricard, 2022. "Accroissement de la complexité des décisions dans un contexte de prolifération des règles," Post-Print hal-03633895, HAL.
    16. Louise Allsopp, 2004. "An Experiment to Investigate the Externalities of Search," The Economic Record, The Economic Society of Australia, vol. 80(251), pages 423-435, December.
    17. Brannon, James I. & Gorman, Michael F., 2002. "The effects of information costs on search and convergence in experimental markets," Journal of Economic Behavior & Organization, Elsevier, vol. 47(4), pages 375-390, April.
    18. Liran Einav, 2005. "Informational Asymmetries and Observational Learning in Search," Journal of Risk and Uncertainty, Springer, vol. 30(3), pages 241-259, May.
    19. Dr Jason Potts, 2000. "Evolutionary Microeconomics and the Theory of Expectations," Discussion Papers Series 270, School of Economics, University of Queensland, Australia.
    20. Gerald Häubl & Benedict G. C. Dellaert & Bas Donkers, 2010. "Tunnel Vision: Local Behavioral Influences on Consumer Decisions in Product Search," Marketing Science, INFORMS, vol. 29(3), pages 438-455, 05-06.
    21. Kauffman, Stuart & Lobo, Jose & Macready, William G., 2000. "Optimal search on a technology landscape," Journal of Economic Behavior & Organization, Elsevier, vol. 43(2), pages 141-166, October.
    22. Darryl Seale & William Stein & Amnon Rapoport, 2014. "Hold or roll: reaching the goal in jeopardy race games," Theory and Decision, Springer, vol. 76(3), pages 419-450, March.
    23. Klimm, Felix & Kocher, Martin G. & Opitz, Timm & Schudy, Simeon, 2023. "Time pressure and regret in sequential search," Journal of Economic Behavior & Organization, Elsevier, vol. 206(C), pages 406-424.
    24. Charness, Gary & Kuhn, Peter, 2011. "Lab Labor: What Can Labor Economists Learn from the Lab?," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 3, pages 229-330, Elsevier.
    25. D.J. Butler & G. Loomes, 1992. "Procedural Rationality in Consumer Search: An experimental investigation," Economics Discussion / Working Papers 92-14, The University of Western Australia, Department of Economics.
    26. Marcela Ibanez & Simon Czermak & Matthias Sutter, "undated". "Searching for a better deal - On the influence of group decision making, time pressure and gender in a search experiment," Working Papers 2008-05, Faculty of Economics and Statistics, Universität Innsbruck.
    27. Schunk, Daniel, 2005. "Search behaviour with reference point preferences : theory and experimental evidence," Papers 05-12, Sonderforschungsbreich 504.
    28. Stephen Kinsella & David M. Ramsey, 2011. "A Model of Partnership Formation with Friction and Multiple Criteria," Working Papers 201119, Geary Institute, University College Dublin.
    29. Wayne Edwards & Lee Huskey, 2008. "Job search with an external opportunity: an experimental exploration of the Todaro Paradox," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 807-819, December.
    30. Vital Anderhub & Werner Güth & Wieland Müller & Martin Strobel, 2000. "An Experimental Analysis of Intertemporal Allocation Behavior," Experimental Economics, Springer;Economic Science Association, vol. 3(2), pages 137-152, October.
    31. Schunk, Daniel, 2009. "Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1719-1738, September.
    32. Nicolas Jacquemet & Olivier l'Haridon & Isabelle Vialle, 2013. "Marché du travail, évaluation et économie expérimentale," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201322, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
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    39. Chonko, Lawrence B. & Dubinsky, Alan J. & Jones, Eli & Roberts, James A., 2003. "Organizational and individual learning in the sales force: an agenda for sales research," Journal of Business Research, Elsevier, vol. 56(12), pages 935-946, December.
    40. Peter Todd & Francesco Billari & Jorge Simão, 2005. "Aggregate age-at-marriage patterns from individual mate-search heuristics," Demography, Springer;Population Association of America (PAA), vol. 42(3), pages 559-574, August.
    41. Fu, Jingcheng & Sefton, Martin & Upward, Richard, 2019. "Social comparisons in job search," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 338-361.
    42. Bearden, J. Neil & Connolly, Terry, 2007. "Multi-attribute sequential search," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 147-158, May.
    43. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    44. Moon, Philip & Martin, Andrew, 1996. "The search for consistency in economic search," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 311-321, March.
    45. Falk, Armin & Huffman, David B. & Sunde, Uwe, 2006. "Self-Confidence and Search," IZA Discussion Papers 2525, Institute of Labor Economics (IZA).

  65. Hey, John D., 1981. "Are optimal search rules reasonable? and vice versa? (And does it matter anyway?)," Journal of Economic Behavior & Organization, Elsevier, vol. 2(1), pages 47-70, March.

    Cited by:

    1. Schunk, Daniel & Winter, Joachim, 2004. "The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment," Sonderforschungsbereich 504 Publications 04-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    2. Inukai, Keigo & Kawata, Keisuke & Sasaki, Masaru, 2017. "Committee Search with Ex-ante Heterogeneous Agents: Theory and Experimental Evidence," IZA Discussion Papers 10760, Institute of Labor Economics (IZA).
    3. Houser, Daniel & Winter, Joachim, 2004. "How Do Behavioral Assumptions Affect Structural Inference? Evidence from a Laboratory Experiment," Munich Reprints in Economics 19372, University of Munich, Department of Economics.
    4. Daniela Di Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014. "Recall Searching with and without Recall," Working Papers 2014/14, Economics Department, Universitat Jaume I, Castellón (Spain).
    5. Timothy N. Cason & Shakun D. Mago, 2010. "Costly Buyer Search In Laboratory Markets With Seller Advertising," Journal of Industrial Economics, Wiley Blackwell, vol. 58(2), pages 424-449, June.
    6. Jingcheng Fu & Martin Sefton & Richard Upward, 2017. "Social comparisons in job search: experimental evidence," Discussion Papers 2017-10, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    7. Rothlauf, Franz & Schunk, Daniel & Pfeiffer, Jella, 2005. "Classification of human decision behavior : finding modular decision rules with genetic algorithms," Papers 05-04, Sonderforschungsbreich 504.
    8. Houser, Daniel & Winter, Joachim, 2000. "Time preference and decision rules in a price search experiment," Sonderforschungsbereich 504 Publications 01-34, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    9. Darryl Seale & William Stein & Amnon Rapoport, 2014. "Hold or roll: reaching the goal in jeopardy race games," Theory and Decision, Springer, vol. 76(3), pages 419-450, March.
    10. Irene Maria Buso & John Hey, 2021. "Why do consumers not switch? An experimental investigation of a search and switch model," Theory and Decision, Springer, vol. 91(4), pages 445-476, November.
    11. Moxnes, Erling, 2004. "Estimating customer utility of energy efficiency standards for refrigerators," Journal of Economic Psychology, Elsevier, vol. 25(6), pages 707-724, December.
    12. Hodgson, Geoffrey M., 1998. "Competence and contract in the theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 179-201, April.
    13. Schunk, Daniel, 2005. "Search behaviour with reference point preferences : theory and experimental evidence," Papers 05-12, Sonderforschungsbreich 504.
    14. Witt Ulrich, 1990. "Le Subjecttvisme En Sciences Economiques," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 1(2), pages 1-20, June.
    15. Harry R. Clarke & William J. Reed, 1990. "Applications of Optimal Stopping in Resource Economics," The Economic Record, The Economic Society of Australia, vol. 66(3), pages 254-265, September.
    16. Schunk, Daniel, 2009. "Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1719-1738, September.
    17. Nicolas Jacquemet & Olivier l'Haridon & Isabelle Vialle, 2013. "Marché du travail, évaluation et économie expérimentale," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201322, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    18. Buschle, Nicole-Barbara, 2002. "Der Einfluß von Konsumenten auf die Determinanten wirtschaftlicher Entwicklung: Ein evolutorisches Simulationsmodell," Dresden Discussion Paper Series in Economics 03/02, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    19. Szmedre, Philip I. & Wetzstein, Michael E. & McClendon, Ronald W., 1988. "Production Decision licking in an Adaptive Mode," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270189, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Uri M. Possen & Mikko Puhakka, 1994. "Rationality of limited rationality : some aggregate implications," Finnish Economic Papers, Finnish Economic Association, vol. 7(2), pages 83-93, Autumn.
    21. McCall, John J. & Lippman, Steven A., 1984. "Ecological decision making and optimal stopping rules," Discussion Papers, Series I 189, University of Konstanz, Department of Economics.
    22. Pedro Cosme Costa Vieira, 2005. "Market equilibrium with search and computational costs," FEP Working Papers 173, Universidade do Porto, Faculdade de Economia do Porto.
    23. Fu, Jingcheng & Sefton, Martin & Upward, Richard, 2019. "Social comparisons in job search," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 338-361.
    24. Bearden, J. Neil & Connolly, Terry, 2007. "Multi-attribute sequential search," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 147-158, May.
    25. M. I. Lau & T. Neugebauer & U. Schmidt, 2014. "Preface," Theory and Decision, Springer, vol. 77(3), pages 287-290, October.
    26. David A. Lax, 1985. "Optimal Search in Negotiation Analysis," Journal of Conflict Resolution, Peace Science Society (International), vol. 29(3), pages 456-472, September.

  66. Hey, John D & McKenna, Chris J, 1981. "Consumer Search with Uncertain Product Quality," Journal of Political Economy, University of Chicago Press, vol. 89(1), pages 54-66, February.

    Cited by:

    1. Atayev, Atabek, 2022. "Uncertain product availability in search markets," Journal of Economic Theory, Elsevier, vol. 204(C).
    2. Atabek Atayev, 2021. "Uncertain Product Availability in Search Markets," Papers 2109.15211, arXiv.org.
    3. Huang, Yanliu & Hutchinson, J. Wesley, 2013. "The roles of planning, learning, and mental models in repeated dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 122(2), pages 163-176.
    4. MacCall, John & Lippman, Steven A., 1982. "An equilibrium model of turnover with belated information," Discussion Papers, Series I 167, University of Konstanz, Department of Economics.
    5. Alexei Parakhonyak, 2009. "On The Relevance Of Irrelevant Information," Tinbergen Institute Discussion Papers 09-087/1, Tinbergen Institute.
    6. DeSarbo, Wayne S. & Choi, Jungwhan, 1998. "A latent structure double hurdle regression model for exploring heterogeneity in consumer search patterns," Journal of Econometrics, Elsevier, vol. 89(1-2), pages 423-455, November.
    7. Atayev, Atabek, 2021. "Uncertain product availability in search markets," ZEW Discussion Papers 21-089, ZEW - Leibniz Centre for European Economic Research.
    8. Joo, Mingyu & Mazumdar, Tridib & Raj, S.P., 2012. "Bidding Strategies and Consumer Savings in NYOP Auctions," Journal of Retailing, Elsevier, vol. 88(1), pages 180-188.

  67. Hey, John D, 1981. "A Unified Theory of the Behaviour of Profit-Maximising, Labour-Managed and Joint-Stock Firms Operating under Uncertainty," Economic Journal, Royal Economic Society, vol. 91(362), pages 364-374, June.

    Cited by:

    1. Kazuhiro Ohnishi, 2010. "Lifetime Employment Contract and Quantity Competition with Profit-Maximizing and Joint-Stock Firms," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 166(3), pages 462-478, September.
    2. Bernhard Arnold & Ingrid Größl & Peter Stahlecker, 2000. "Competitive supply behavior when price information is fuzzy," Journal of Economics, Springer, vol. 72(1), pages 45-66, February.
    3. Kazuhiro Ohnishi, 2014. "Sequential Mixed Competition with a Foreign Joint-stock Firm," International Journal of Social Sciences and Management Studies (IJSSMS), The Economics and Social Development Organization (TESDO), vol. 1(2), pages 38-52, June.
    4. Ohnishi, Kazuhiro, 2018. "Inventory Holding and a Mixed Duopoly with a Foreign Joint-Stock Firm," MPRA Paper 88223, University Library of Munich, Germany.
    5. Goel, Rajeev K. & Haruna, Shoji, 2007. "Cooperative and noncooperative R&D with spillovers: The case of labor-managed firms," Economic Systems, Elsevier, vol. 31(4), pages 423-440, December.

  68. Hey, John D, 1981. "Hedging and the Competitive Labor-Managed Firm under Price Uncertainty [Hedging and the Competitive Firm under Price Uncertainty]," American Economic Review, American Economic Association, vol. 71(4), pages 753-757, September.

    Cited by:

    1. Inmaculada Rodríguez-Puerta & Alberto Álvarez-López, 2016. "Optimal allocation of a fixed production under price uncertainty," Annals of Operations Research, Springer, vol. 237(1), pages 121-142, February.
    2. Broll, Udo & Egozcue, Martín & Wong, Wing-Keung & Zitikis, Ričardas, 2010. "Prospect theory and hedging risks," Dresden Discussion Paper Series in Economics 05/10, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    3. Inmaculada Rodríguez-Puerta & Alberto A. Álvarez-López, 2016. "Optimal allocation of a fixed production under price uncertainty," Annals of Operations Research, Springer, vol. 237(1), pages 121-142, February.

  69. Hey, John D. & Mavromaras, Kostas Gr., 1981. "The effect of unemployment insurance on the riskiness of occupational choice," Journal of Public Economics, Elsevier, vol. 16(3), pages 317-341, December.

    Cited by:

    1. Kopp, Andreas, 1996. "Layoffs, job search and labour market pooling," Kiel Working Papers 729, Kiel Institute for the World Economy (IfW Kiel).
    2. Goerke, Laszlo, 1998. "Bismarck versus Beveridge: Flat- and earnings-related unemployment insurance in an efficiency wage framework," Discussion Papers, Series I 291, University of Konstanz, Department of Economics.
    3. Vincenzo SPIEZIA, 2000. "The effects of benefits on unemployment and wages: A comparison of unemployment compensation systems," International Labour Review, International Labour Organization, vol. 139(1), pages 73-90, March.
    4. Goerke, Laszlo & Madsen, Jakob B., 2003. "Earnings-Related Unemployment Benefits in a Unionised Economy," IZA Discussion Papers 701, Institute of Labor Economics (IZA).
    5. Goerke, Laszlo & Madsen, Jakob B., 2003. "Earnings-related unemployment benefits and unemployment," Economic Systems, Elsevier, vol. 27(1), pages 41-62, March.

  70. Hey, John D., 1980. "Optimal consumption under income uncertainty : An example and a conjecture," Economics Letters, Elsevier, vol. 5(2), pages 129-133.

    Cited by:

    1. Enrica Carbone & John Hey & Tibor Neugebauer, 2021. "An Experimental Comparison of Two Exchange Economies: Long-Lived Asset vs. Short-Lived Asset," Management Science, INFORMS, vol. 67(11), pages 6946-6962, November.
    2. Enrica Carbone & John Hey & Tibor Neugebauer, 2018. "An Experimental Comparison of Two Exchange Mechanisms, An Asset Market versus a Credit Market," Discussion Papers 18/08, Department of Economics, University of York.

  71. John D. HEY & John SUCKLING, 1980. "Labour-Managed Enterprise And Uncertainty," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 51(3), pages 321-325, September.

    Cited by:

    1. Luo, Jianli, 2012. "Information acquisition under uncertainty: The case of labor-managed and profit-maximizing firms coexist," Economic Modelling, Elsevier, vol. 29(6), pages 2527-2532.

  72. Hey, John D. & Suckling, John, 1980. "On the theory of the competitive labor-managed firm under price uncertainty: Comment," Journal of Comparative Economics, Elsevier, vol. 4(3), pages 338-341, September.

    Cited by:

    1. Nava Kahana & Jacob Paroush, 1984. "A Multi-factor Labor-managed Firm under Price Uncertainty," Eastern Economic Journal, Eastern Economic Association, vol. 10(1), pages 23-29, Jan-Mar.
    2. Ira Horowitz, 1992. "Membership size in the educable cooperative facing uncertain demand," Journal of Economics, Springer, vol. 55(1), pages 65-75, February.
    3. Gaetano Cuomo, 2015. "Imprese cooperative e democrazia economica," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2015(116), pages 5-38.

  73. John D. Hey & Peter J. Lambert, 1980. "Relative Deprivation and the Gini Coefficient: Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(3), pages 567-573.

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    1. Benito-Ostolaza, Juan M. & Ezcurra, Roberto & Osés-Eraso, Nuria, 2020. "Do wealth levels affect the contribution to negative externalities?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
    2. Rolf Aaberge & Ugo Colombino & John E. Roemer, 2003. "Optimal Taxation According to Equality of Opportunity: a Microeconometric Simulation Analysis," ICER Working Papers 05-2003, ICER - International Centre for Economic Research.
    3. Conchita D'Ambrosio & Joachim R. Frick, 2004. "Subjective Well-Being and Relative Deprivation: An Empirical Link," Discussion Papers of DIW Berlin 449, DIW Berlin, German Institute for Economic Research.
    4. Duclos, Jean-Yves, 1998. "Social evaluation functions, economic isolation and the Suits index of progressivity," Journal of Public Economics, Elsevier, vol. 69(1), pages 103-121, July.
    5. Hugh Gravelle & Matt Sutton, 2009. "Income, relative income, and self‐reported health in Britain 1979–2000," Health Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 125-145, February.
    6. Duclos, J.Y. & Jalbert, V. & Araar, A., 2000. "Classical Horizontal Inequity and Reranking: an Integrated Approach," Papers 0002, Laval - Recherche en Politique Economique.
    7. DUCLOS, Jean-Yves, 1995. "Economic Isolation, Inequality, and the Suits Index of Progressivity," Cahiers de recherche 9510, Université Laval - Département d'économique.
    8. Stark, Oded & Budzinski, Wiktor, 2019. "Repercussions of negatively selective migration for the behavior of non-migrants when preferences are social," Journal of Demographic Economics, Cambridge University Press, vol. 85(2), pages 165-179, June.
    9. Andrew E. Clark & Conchita d'Ambrosio, 2015. "Attitudes to Income Inequality: Experimental and Survey Evidence," PSE-Ecole d'économie de Paris (Postprint) halshs-01109066, HAL.
    10. Alain Chateauneuf & Patrick Moyes, 2004. "Lorenz non-consistent welfare and inequality measurement," Post-Print hal-00156441, HAL.
    11. Knell, Markus & Stix, Helmut, 2020. "Perceptions of inequality," European Journal of Political Economy, Elsevier, vol. 65(C).
    12. Gordon Anderson & Jasmin Thomas, 2019. "Measuring Multi-group Polarization, Segmentation and Ambiguity: Increasingly Unequal Yet Similar Constituent Canadian Income Distributions," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 1001-1032, October.
    13. Rolf Aaberge & Ugo Colombino, 2010. "Accounting for Family Background when Designing Optimal Income Taxes. A Microeconometric Simulation Analysis," Discussion Papers 619, Statistics Norway, Research Department.
    14. Chakravarty, S.R. & Mukherjee, D., 1998. "Measures of Deprivation and their Meaning in Terms of Social Satisfaction," DELTA Working Papers 98-17, DELTA (Ecole normale supérieure).
    15. Sun, Yu & You, Wen, 2016. "Relative-deprivation effects on child health in China," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235926, Agricultural and Applied Economics Association.
    16. Luca Corazzini, Lucio Esposito, Francesca Majorano., 2010. "Reign in Hell or Serve in Heaven? A Cross-country Journey into the Relative vs Absolute Perceptions of Wellbeing," ISLA Working Papers 36, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy.
    17. Patrick Moyes & Brice Magdalou, 2007. "Deprivation, welfare and inequality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00389600, HAL.
    18. D'Ambrosio, Conchita & Rodrigues, Rute Imanishi, 2008. "Deprivation in the São Paulo Districts: Evidence from 2000," World Development, Elsevier, vol. 36(6), pages 1094-1112, June.
    19. Duclos, Jean-Yves & Tabi, Martin, 1999. "Inégalité et redistribution du revenu, avec une application au Canada," L'Actualité Economique, Société Canadienne de Science Economique, vol. 75(1), pages 95-122, mars-juin.
    20. Gianni Betti & Achille Lemmi, 2007. "Guest Editors’ Introduction," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(3), pages 259-262, December.
    21. Stark, Oded, 2020. "An economics-based rationale for the Rawlsian social welfare program," Discussion Papers 305675, University of Bonn, Center for Development Research (ZEF).
    22. Sami Bibi & Jean-Yves Duclos, 2004. "Equity and Policy Effectiveness with Imperfect Targeting," Working Papers 0423, Economic Research Forum, revised 10 2004.
    23. Bossert, Walter & D’Ambrosio, Conchita & Weber, Shlomo, 2022. "Distance-based social index numbers: A unifying approach," Journal of Mathematical Economics, Elsevier, vol. 100(C).
    24. Stark, Oded, 2015. "Comparing the global and merged with the local and separate: On a downside to the integration of regions and nations," Discussion Papers 229255, University of Bonn, Center for Development Research (ZEF).
    25. Satya Chakravarty, 2007. "A deprivation-based axiomatic characterization of the absolute Bonferroni index of inequality," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(3), pages 339-351, December.
    26. Stark, Oded & Bielawski, Jakub & Falniowski, Fryderyk, 2017. "A class of proximity-sensitive measures of relative deprivation," University of Tübingen Working Papers in Business and Economics 101, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    27. John Wildman, 2023. "COVID-19 and income inequality in OECD countries: a methodological comment—a reply," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 24(7), pages 1239-1241, September.
    28. Paula K. Lorgelly & Joanne Lindley, 2008. "What is the relationship between income inequality and health? Evidence from the BHPS," Health Economics, John Wiley & Sons, Ltd., vol. 17(2), pages 249-265, February.
    29. Aaberge, Rolf & Colombino, Ugo, 2006. "Designing Optimal Taxes with a Microeconometric Model of Household Labour Supply," IZA Discussion Papers 2468, Institute of Labor Economics (IZA).
    30. Sorger, Gerhard & Stark, Oded, 2012. "Income redistribution going awry: The reversal power of the concern for relative deprivation," Discussion Papers 142407, University of Bonn, Center for Development Research (ZEF).
    31. Abdel-Baki Monal A., 2012. "Coalitions within the Egyptian Banking Sector: Catalysts of the Popular Revolution," Business and Politics, De Gruyter, vol. 14(1), pages 1-26, April.
    32. IVASKAITE-TAMOSIUNE Viginta & THIEMANN Andreas, 2021. "The budgetary and redistributive impact of pension taxation in the EU: A microsimulation analysis," JRC Working Papers on Taxation & Structural Reforms 2021-08, Joint Research Centre.
    33. verme Paolo, 2007. "Relative Deprivation in the Labour ‘Space," Department of Economics and Statistics Cognetti de Martiis. Working Papers 200701, University of Turin.
    34. Mukherjee, Diganta, 2001. "Measuring multidimensional deprivation," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 233-251, November.
    35. Walter Hyll, 2017. "Gender Quotas and Human Capital Formation: A Relative Deprivation Approach," German Economic Review, Verein für Socialpolitik, vol. 18(3), pages 302-326, August.
    36. Satya R. Chakravarty & Amita Majumder & Sonali Roy, 2007. "A Treatment Of Absolute Indices Of Polarization," The Japanese Economic Review, Japanese Economic Association, vol. 58(2), pages 273-293, June.
    37. Michael C. Lovell, 1998. "Inequality Within And Among Nations," Wesleyan Economics Working Papers 1998-001, Wesleyan University, Department of Economics.
    38. Ana I. Moro Egido & Maria Navarro & Ángeles Sánchez-Domínguez, 2017. "Changes in Subjective Well-Being Over Time in Germnay," ThE Papers 17/05, Department of Economic Theory and Economic History of the University of Granada..
    39. Thomas Mayrhofer & Hendrik Schmitz, 2014. "Testing the relationship between income inequality and life expectancy: a simple correction for the aggregation effect when using aggregated data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 841-856, July.
    40. Aleksynska, Mariya, 2011. "Relative deprivation, relative satisfaction, and attitudes towards immigrants: Evidence from Ukraine," Economic Systems, Elsevier, vol. 35(2), pages 189-207, June.
    41. Sami Bibi & AbdelRahmen El-Lahga, 2010. "A Unified Framework to Measuring Inequality in The Arab Countries," Working Papers 567, Economic Research Forum, revised 11 Jan 2010.
    42. Walter Bossert & Conchita d'Ambrosio, 2005. "Dynamic Measures of Individual Deprivation," Working Papers 12, ECINEQ, Society for the Study of Economic Inequality.
    43. Clément Bellet, 2017. "Essays on Inequality, Social Preferences and Consumer Behavior," Sciences Po publications info:hdl:2441/vbu6kd1s68o, Sciences Po.
    44. Markus Knell & Helmut Stix, 2021. "Inequality, perception biases and trust," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(4), pages 801-824, December.
    45. Duclos, Jean-Yves, 2006. "Liberté ou égalité?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 82(4), pages 441-476, décembre.
    46. Cuesta, Maite Blázquez & Budría, Santiago, 2015. "Income deprivation and mental well-being: The role of non-cognitive skills," Economics & Human Biology, Elsevier, vol. 17(C), pages 16-28.
    47. Clément Bellet, 2017. "Essays on inequality, social preferences and consumer behavior [Inégalités, préférences sociales et comportement du consommateur]," SciencePo Working papers Main tel-03455045, HAL.
    48. Conchita D’Ambrosio & Joachim R. Frick, 2007. "Individual Well-Being in a Dynamic Perspective," Working Papers 64, ECINEQ, Society for the Study of Economic Inequality.
    49. Ling, Davina C., 2009. "Do the Chinese "Keep up with the Jones"?: Implications of peer effects, growing economic disparities and relative deprivation on health outcomes among older adults in China," China Economic Review, Elsevier, vol. 20(1), pages 65-81, March.
    50. Alain Chateauneuf & Patrick Moyes, 2005. "Measuring Inequality Without the Pigou-Dalton Condition," WIDER Working Paper Series RP2005-02, World Institute for Development Economic Research (UNU-WIDER).
    51. Conchita D’Ambrosio & Joachim Frick, 2007. "Income Satisfaction and Relative Deprivation: An Empirical Link," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 81(3), pages 497-519, May.
    52. Paul, Satya, 1991. "An index of relative deprivation," Economics Letters, Elsevier, vol. 36(3), pages 337-341.
    53. Luis Imedio-Olmedo & Encarnación Parrado-Gallardo & Elena Bárcena-Martín, 2012. "Income Inequality Indices Interpreted as Measures of Relative Deprivation/Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 109(3), pages 471-491, December.
    54. Lucio Esposito, 2010. "Upper Boundedness For The Measurement Of Relative Deprivation," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(3), pages 632-639, September.
    55. Benno Torgler & Markus Schaffner & Bruno S. Frey & Sascha L. Schmidt, 2008. "Looking Awkward When Winning and Foolish When Losing: Inequity Aversion and Performance in the Field," CREMA Working Paper Series 2008-11, Center for Research in Economics, Management and the Arts (CREMA).
    56. Joanne Kathryn Lindley & Paula Lorgelly, 2005. "The relative income hypothesis: does it exist over time? Evidence from the BHPS," Working Papers 2005013, The University of Sheffield, Department of Economics, revised Jun 2005.
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    58. Ivica Urban, 2016. "Impact of Taxes and Benefits on Inequality among Groups of Income Units," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(1), pages 120-144, March.
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    61. Zhang, Chuanchuan & Jia, Shen & Yang, Rudai, 2016. "Housing affordability and housing vacancy in China: The role of income inequality," Journal of Housing Economics, Elsevier, vol. 33(C), pages 4-14.
    62. Satya R. Chakravarty & Conchita D'Ambrosio & Pietro Muliere, 2003. "Target Shortfall Orderings and Indices," Discussion Papers of DIW Berlin 340, DIW Berlin, German Institute for Economic Research.
    63. Robert I. Lerman & Shlomo Yitzhaki, 1994. "Effect of Marginal Changes in Income Sources On U.S. Income Inequality," Public Finance Review, , vol. 22(4), pages 403-417, October.
    64. Stark, Oded, 2013. "Stressful Integration," European Economic Review, Elsevier, vol. 63(C), pages 1-9.
    65. Stark, Oded, 2017. "Possible Policy Responses to a Dark Side of the Integration of Regions and Nations," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 329-341.
    66. Edward Anderson & Lucio Esposito, 2014. "On the joint evaluation of absolute and relative deprivation," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(3), pages 411-428, September.
    67. Juan Gabriel Rodríguez, 2004. "Measuring polarization, inequality, welfare and poverty," Economic Working Papers at Centro de Estudios Andaluces E2004/75, Centro de Estudios Andaluces.
    68. Silber, Jacques & Verme, Paolo, 2012. "Relative deprivation, reference groups and the assessment of standard of living," Policy Research Working Paper Series 5930, The World Bank.
    69. Brice MAGDALOU & Patrick MOYES, 2008. "Social Welfare, Inequality and Deprivation," Cahiers du GREThA (2007-2019) 2008-23, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    70. Benno Torgler & Markus Schaffner & Bruno S. Frey & Sascha L. Schmidt & Uwe Dulleck, 2008. "Inequality Aversion and Performance in and on the Field," CREMA Working Paper Series 2008-18, Center for Research in Economics, Management and the Arts (CREMA).
    71. Hang Luo & Lize Yang, 2021. "Equality and Equity in Emerging Multilateral Financial Institutions: The Case of the BRICS Institutions," Global Policy, London School of Economics and Political Science, vol. 12(4), pages 482-508, September.
    72. Juan Gabriel Rodríguez, 2015. "A Class of Social Welfare Functions That Depend on Mean Income and Income Polarization," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(3), pages 422-439, September.
    73. Jean-Yves Duclos & Abdelkrim Araar, 2003. "An Atkinson-Gini family of social evaluation functions," Economics Bulletin, AccessEcon, vol. 3(19), pages 1-16.
    74. Margherita Fort & Nichole Schneeweis & Rudolf Winter-Ebmer, 2011. "More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe," Economics working papers 2011-05, Department of Economics, Johannes Kepler University Linz, Austria.
    75. Cord, Louise & Barriga Cabanillas, Oscar & Lucchetti, Leonardo & Rodriguez-Castelan, Carlos & Sousa, Liliana D. & Valderrama, Daniel, 2014. "Inequality stagnation in Latin America in the aftermath of the global financial crisis," Policy Research Working Paper Series 7146, The World Bank.
    76. Christine Eibner & William N. Evans, 2005. "Relative Deprivation, Poor Health Habits, and Mortality," Journal of Human Resources, University of Wisconsin Press, vol. 40(3).
    77. María Navarro, 2023. "Social-Cultural Capital and Domain Satisfaction," Hacienda Pública Española / Review of Public Economics, IEF, vol. 246(3), pages 37-70, September.
    78. Adjaye-Gbewonyo, Kafui & Kawachi, Ichiro, 2012. "Use of the Yitzhaki Index as a test of relative deprivation for health outcomes: A review of recent literature," Social Science & Medicine, Elsevier, vol. 75(1), pages 129-137.
    79. Stark, Oded & Zawojska, Ewa, 2016. "Will a government find it financially easier to neutralize a looming protest if more groups are involved?," Discussion Papers 244570, University of Bonn, Center for Development Research (ZEF).
    80. Bich, Philippe & Chateauneuf, Alain & Ventura, Caroline, 2023. "Social tension order: A new approach to inequality reduction," Journal of Mathematical Economics, Elsevier, vol. 108(C).
    81. Stark, Oded, 2012. "Integration, social distress, and policy formation," University of Tübingen Working Papers in Business and Economics 25, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    82. Wildman, John, 2003. "Modelling health, income and income inequality: the impact of income inequality on health and health inequality," Journal of Health Economics, Elsevier, vol. 22(4), pages 521-538, July.
    83. Walter Bossert & Conchita D’Ambrosio, 2020. "Losing ground in the income hierarchy: relative deprivation revisited," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(1), pages 1-12, March.
    84. Abdelkrim Araar & Awoyemi Taiwo, 2006. "Poverty and Inequality Nexus: Illustrations with Nigerian Data," Economics Bulletin, AccessEcon, vol. 28(15), pages 1.
    85. Stark, Oded, 2012. "Policy responses to a dark side of the integration of regions and nations," Discussion Papers 122036, University of Bonn, Center for Development Research (ZEF).
    86. BOSSERT, Walter & D'AMBROSIO, Conchita, 2012. "Proximity-sensitive individual deprivation measures," Cahiers de recherche 2012-16, Universite de Montreal, Departement de sciences economiques.
    87. Paolo Verme, 2010. "Happiness, deprivation and the alter ego," Working Papers 155, ECINEQ, Society for the Study of Economic Inequality.
    88. Francesco Andreoli & Vincenzo Prete & Claudio Zoli, 2023. "The measurement of segregation sensitive spatial income deprivation," Working Papers 03/2023, University of Verona, Department of Economics.
    89. Duclos, Jean-Yves & Grégoire, Philippe, 1999. "Absolute and Relative Deprivation and the Measurement of Poverty," Cahiers de recherche 9910, Université Laval - Département d'économique.
    90. Amany A. El Anshasy & Mrittika Shamsuddin & Marina-Selini Katsaiti, 2023. "Financial Wellbeing and International Migration Intentions: Evidence from Global Surveys," Journal of Happiness Studies, Springer, vol. 24(7), pages 2261-2289, October.
    91. Satya R. Chakravarty, 2009. "Deprivation, Inequality And Welfare," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 172-190, June.
    92. Elena Bárcena-Martín & Luis Imedio-Olmedo & Guillermina Martín-Reyes, 2007. "Inequality and deprivation within and between groups: An illustration of European union countries," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(3), pages 323-337, December.
    93. Abdelkrim Araar, 2008. "On the Decomposition of Polarization Indices: Illustrations with Chinese and Nigerian Household Surveys," Cahiers de recherche 0806, CIRPEE.
    94. Abdelkrim Araar & Jean-Yves Duclos, 2005. "An Atkinson-Gini Family of Social Evaluation Functions: Theory and Illustration Using Data from the Luxembourg Income Study," LIS Working papers 416, LIS Cross-National Data Center in Luxembourg.
    95. Rolf Aaberge, 2006. "Gini's Nuclear Family," Discussion Papers 491, Statistics Norway, Research Department.
    96. Monti Maria Giovanna & Pellegrino Simone & Vernizzi Achille, 2024. "The Zenga Index Reveals More Than the Gini and the Bonferroni Indexes. An Analysis of Distributional Changes and Social Welfare Levels," Working papers 084, Department of Economics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    97. Jonas Helgertz & Wolfgang Hess & Kirk Scott, 2013. "Relative Deprivation and Sickness Absence in Sweden," IJERPH, MDPI, vol. 10(9), pages 1-24, August.
    98. Gordon Anderson & Maria Grazia Pittau & Roberto Zelli & Jasmin Thomas, 2018. "Income Inequality, Cohesiveness and Commonality in the Euro Area: A Semi-Parametric Boundary-Free Analysis," Econometrics, MDPI, vol. 6(2), pages 1-20, March.
    99. Flaviana Palmisano, 2024. "Compassion and envy in distributional comparisons," Theory and Decision, Springer, vol. 96(1), pages 153-184, February.
    100. Rolf Aaberge & Ugo Colombino, 2011. "Empirical Optimal Income Taxation: A Microeconometric Application to Norway," CHILD Working Papers wp16_11, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
    101. Cojocaru, Alexandru, 2014. "Fairness and inequality tolerance: Evidence from the Life in Transition Survey," Journal of Comparative Economics, Elsevier, vol. 42(3), pages 590-608.
    102. Jean-Yves Duclos, 2000. "Gini Indices and the Redistribution of Income," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 7(2), pages 141-162, March.
    103. ABATEMARCO Antonio, 2008. "Measuring Inequality of Opportunity through Between-Group Inequality Components," IRISS Working Paper Series 2008-11, IRISS at CEPS/INSTEAD.
    104. Kwang Soo Cheong, 1999. "Economic Crisis and Income Inequality in Korea," Working Papers 199906, University of Hawaii at Manoa, Department of Economics.
    105. Abdelkrim Araar, 2006. "On the Decomposition of the Gini Coefficient: an Exact Approach, with an Illustration Using Cameroonian Data," Cahiers de recherche 0602, CIRPEE.
    106. Fabio Clementi & Vasco Molini & Francesco Schettino & Haider A. Khan & Michele Fabiani, 2023. "Polarization and its discontents: Morocco before and after the Arab Spring," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 21(1), pages 105-129, March.
    107. SILBER Jacques & VERME Paolo, 2009. "Distributional change, reference groups and the measurement of relative deprivation," IRISS Working Paper Series 2009-13, IRISS at CEPS/INSTEAD.
    108. Buhong Zheng, 2007. "Utility-gap Dominances and Inequality Orderings," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 28(2), pages 255-280, February.
    109. Paolo Verme & Rima Izem, 2008. "Relative Deprivation with Imperfect Information," Economics Bulletin, AccessEcon, vol. 4(7), pages 1-9.
    110. Duclos, J.Y., 1995. "Relative Performance, Relative Deprivation and Generalised Gini Indices of Inequality and Horizontal Inequity," Papers 9514, Laval - Recherche en Politique Economique.
    111. Aaberge, Rolf & Flood, Lennart, 2008. "Evaluation of an In-work Tax Credit Reform in Sweden: Effects on Labor Supply and Welfare Participation of Single Mothers," Working Papers in Economics 319, University of Gothenburg, Department of Economics.
    112. Baochun Peng, 2008. "Relative deprivation, wealth inequality and economic growth," Journal of Economics, Springer, vol. 94(3), pages 223-229, September.
    113. Jones, Andrew M. & Wildman, John, 2008. "Health, income and relative deprivation: Evidence from the BHPS," Journal of Health Economics, Elsevier, vol. 27(2), pages 308-324, March.
    114. Paolo Verme, 2010. "Relative labour deprivation and urban migration in Turkey," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(4), pages 391-408, December.
    115. A. l. Moro-Egido & M. Navarro & A. Sánchez, 2022. "Changes in Subjective Well-Being Over Time: Economic and Social Resources do Matter," Journal of Happiness Studies, Springer, vol. 23(5), pages 2009-2038, June.
    116. Jiang, Yanmin & Wu, Xiaole & Chen, Bo & Hu, Qiying, 2021. "Rawlsian fairness in push and pull supply chains," European Journal of Operational Research, Elsevier, vol. 291(1), pages 194-205.
    117. Melchior Vella & Gilmour Camilleri, 2021. "Inequality Dynamics in Malta: Cracks, Blips and Long-Term Trends," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(11), pages 1-1, November.
    118. Labeaga, José M. & Molina, José Alberto & Navarro, María, 2011. "Deprivation using satisfaction measures in Spain: An evaluation of unemployment benefits," Journal of Policy Modeling, Elsevier, vol. 33(2), pages 287-310, March.
    119. Serajuddin, Umar & Verme, Paolo, 2012. "Who is deprived ? who feels deprived ? labor deprivation, youth and gender in Morocco," Policy Research Working Paper Series 6090, The World Bank.
    120. Rolf Aaberge & Ugo Colombino, 2014. "Labour Supply Models," Contributions to Economic Analysis, in: Handbook of Microsimulation Modelling, volume 127, pages 167-221, Emerald Group Publishing Limited.
    121. Egon Franck & Stephan Nüesch, 2007. "Wage Dispersion and Team Performance - An Empirical Panel Analysis," Working Papers 0017, University of Zurich, Center for Research in Sports Administration (CRSA).
    122. Eve Sihra, 2017. "Consumption, Social Interactions and Preferences," Sciences Po publications info:hdl:2441/1ej8deo44v9, Sciences Po.
    123. Labeaga, José M. & Molina, José Alberto & Navarro Paniagua, Maria, 2007. "Income Satisfaction and Deprivation in Spain," IZA Discussion Papers 2702, Institute of Labor Economics (IZA).
    124. Maite Blázquez Cuesta & Santiago Budría, 2013. "Does income deprivation affect people’s mental well-being?," Working Papers 1312, Banco de España.
    125. Wildman, John, 2003. "Income related inequalities in mental health in Great Britain: analysing the causes of health inequality over time," Journal of Health Economics, Elsevier, vol. 22(2), pages 295-312, March.
    126. Shlomo Yitzhaki, 2010. "Is There Room For Polarization?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(1), pages 7-22, March.
    127. Esposito, Lucio & Villaseñor, Adrián, 2017. "Relative deprivation: Measurement issues and predictive role for body image dissatisfaction," Social Science & Medicine, Elsevier, vol. 192(C), pages 49-57.
    128. Lee, Won Fy, 2012. "The Effect of Relative Income in the Dynamics of Migration: Evidence from the VHLSS Panel Data," Master's Theses and Plan B Papers 142096, University of Minnesota, Department of Applied Economics.
    129. Ana I. Moro Egido, 2021. "Social Comparisons; the behavioural component," ThE Papers 21/04, Department of Economic Theory and Economic History of the University of Granada..
    130. JaeYoul Shin, 2018. "Relative Deprivation, Satisfying Rationality, and Support for Redistribution," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(1), pages 35-56, November.
    131. John Wildman, 2001. "The impact of income inequality on individual and societal health: absolute income, relative income and statistical artefacts," Health Economics, John Wiley & Sons, Ltd., vol. 10(4), pages 357-361, June.
    132. Elena Bárcena-Martín & Alexandra Cortés-Aguilar & Ana I. Moro-Egido, 2017. "Social Comparisons on Subjective Well-Being: The Role of Social and Cultural Capital," Journal of Happiness Studies, Springer, vol. 18(4), pages 1121-1145, August.
    133. Lucy Bechtel & Grace Lordan & D. S. Prasada Rao, 2012. "Income Inequality And Mental Health—Empirical Evidence From Australia," Health Economics, John Wiley & Sons, Ltd., vol. 21(S1), pages 4-17, June.

  74. Lambert, Peter J. & Hey, John D., 1979. "Attitudes to risk," Economics Letters, Elsevier, vol. 2(3), pages 215-218.

    Cited by:

    1. Jordi Caballe & Joan Ma. Esteban, 2002. "Stochastic Dominance and Absolute Risk Aversion," UFAE and IAE Working Papers 506.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

  75. Hey, John D., 1974. "Price adjustment in an atomistic market," Journal of Economic Theory, Elsevier, vol. 8(4), pages 483-499, August.

    Cited by:

    1. Axell, Bo, 1988. "The Economics of Learning: Price Formation when Acquisition of Information is Possible but Costly," Working Paper Series 205, Research Institute of Industrial Economics.
    2. Dutta, Champa Bati & Das, Debasish Kumar, 2017. "What drives consumers' online information search behavior? Evidence from England," Journal of Retailing and Consumer Services, Elsevier, vol. 35(C), pages 36-45.

Chapters

  1. John D. Hey, 2018. "Does Repetition Improve Consistency?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 2, pages 13-62, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  2. John D. Hey & Chris Orme, 2018. "Investigating Generalizations Of Expected Utility Theory Using Experimental Data," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 3, pages 63-98, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  3. Ricardo Gonçalves & John Hey, 2018. "Experimental Evidence On English Auctions: Oral Outcry Versus Clock," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 20, pages 427-466, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  4. John D. Hey & Gianna Lotito, 2018. "Naive, resolute or sophisticated? A study of dynamic decision making," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 11, pages 275-299, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  5. Enrica Carbone & John D. Hey, 2018. "Which Error Story is Best?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 16, pages 365-380, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  6. Anna Conte & John D. Hey, 2018. "Assessing multiple prior models of behaviour under ambiguity," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 7, pages 169-188, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  7. John D. Hey & Julia A. Knoll, 2018. "How far ahead do people plan?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 12, pages 301-306, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  8. John D. Hey, 2018. "Why We Should Not Be Silent About Noise," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 13, pages 309-329, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  9. Enrica Carbone & John D. Hey, 2018. "Discriminating between Preference Functionals: A Preliminary Monte Carlo Study," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 4, pages 99-118, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  10. Anna Conte & John D. Hey & Peter G. Moffatt, 2018. "Mixture models of choice under risk," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 1, pages 3-12, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  11. John Bone & John D. Hey & John Suckling, 2018. "What price compromise?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 19, pages 409-426, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  12. Ulrich Schmidt & John D. Hey, 2018. "Are Preference Reversals Errors? An Experimental Investigation," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 15, pages 353-364, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  13. John D. Hey & Gianna Lotito & Anna Maffioletti, 2018. "The descriptive and predictive adequacy of theories of decision making under uncertainty/ambiguity," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 8, pages 189-219, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  14. John D. Hey & Yudistira Permana & Nuttaporn Rochanahastin, 2018. "When and how to satisfice: an experimental investigation," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 5, pages 121-137, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  15. John D. Hey & Noemi Pace, 2018. "The explanatory and predictive power of non two-stage-probability theories of decision making under ambiguity," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 6, pages 139-167, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  16. John D. Hey & Andrea Morone, 2018. "Do Markets Drive Out Lemmings—or Vice Versa?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 21, pages 467-489, World Scientific Publishing Co. Pte. Ltd..

    Cited by:

    1. Drehmann, Mathias & Oechssler, Jörg & Roider, Andreas, 2002. "Herding and Contrarian Behavior in Financial Markets: An Internet Experiment," Bonn Econ Discussion Papers 25/2002, University of Bonn, Bonn Graduate School of Economics (BGSE).
    2. Morone, Andrea & Nuzzo, Simone, 2016. "Do markets (institutions) drive out lemmings - or vice versa?," Kiel Working Papers 2061, Kiel Institute for the World Economy (IfW Kiel).
    3. Ruiz-Buforn, Alba & Camacho-Cuena, Eva & Morone, Andrea & Alfarano, Simone, 2021. "Overweighting of public information in financial markets: A lesson from the lab," Journal of Banking & Finance, Elsevier, vol. 133(C).
    4. Andrea Morone & Simone Nuzzo, 2016. "Market Efficiency, Trading Institutions and Information Mirages: Evidence from an Experimental Asset Market," EERI Research Paper Series EERI RP 2016/17, Economics and Econometrics Research Institute (EERI), Brussels.
    5. Simone Alfarano & Iván Barreda-Tarrazona & Eva Camacho-Cuena, 2006. "On the role of heterogeneous and imperfect information in a laboratory financial market," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 14(4), pages 417-433, December.
    6. Nuzzo, Simone & Morone, Andrea, 2017. "Asset markets in the lab: A literature review," Journal of Behavioral and Experimental Finance, Elsevier, vol. 13(C), pages 42-50.
    7. Giovanni Ferri & Andrea Morone, 2008. "The Effect of Rating Agencies on Herd Behaviour," EERI Research Paper Series EERI_RP_2008_21, Economics and Econometrics Research Institute (EERI), Brussels.
    8. Yuecheng Yu & Alexander Pelaez & Karl R. Lang, 2016. "Designing and evaluating business process models: an experimental approach," Information Systems and e-Business Management, Springer, vol. 14(4), pages 767-789, November.
    9. Shachat, Jason & Srivinasan, Anand, 2011. "Informational price cascades and non-aggregation of asymmetric information in experimental asset markets," MPRA Paper 30308, University Library of Munich, Germany.
    10. Andrea Morone & Eleni Samanidou, 2007. "A simple note on Herd Behaviour," SERIES 0013, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Feb 2007.
    11. Fiore, Annamaria & Morone, Andrea, 2007. "A Simple Note on Informational Cascades," Economics Discussion Papers 2007-21, Kiel Institute for the World Economy (IfW Kiel).
    12. Annamaria Fiore & Andrea Morone, 2005. "Is playing alone in the darkness sufficient to prevent informational cascades?," Experimental 0503002, University Library of Munich, Germany.
    13. Elie Bouri & Riza Demirer & Rangan Gupta & Jacobus Nel, 2020. "COVID-19 Pandemic and Investor Herding in International Stock Markets," Working Papers 202089, University of Pretoria, Department of Economics.
    14. Piergiuseppe Morone, 2004. "Investigating The Effects Of Information On Income Distribution Using Experimental Data," Experimental 0407005, University Library of Munich, Germany.
    15. Morone, Andrea & Fiore, Annamaria & Sandri, Serena, 2007. "On the absorbability of herd behaviour and informational cascades: an experimental analysis," Dresden Discussion Paper Series in Economics 15/07, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    16. Sawischlewski, Katja & Menkhoff, Lukas & Beckmann, Daniela, 2005. "Robust Lessons about Practical Early Warning Systems," Proceedings of the German Development Economics Conference, Kiel 2005 3, Verein für Socialpolitik, Research Committee Development Economics.
    17. Ruiz-Buforn, Alba & Alfarano, Simone & Morone, Andrea, 2019. "Welfare effects of public information in a laboratory financial market," MPRA Paper 95424, University Library of Munich, Germany.
    18. Alfarano, Simone & Camacho, Eva & Petrovic, Marko & Provenzano, Giulia, 2014. "The Interplay between Public and Private Information in Asset Markets: Theoretical and Experimental Approaches," FinMaP-Working Papers 9, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    19. Alfarano, Simone & Camacho, Eva & Morone, Andrea, 2015. "Do investors rely too much on public information to be justified by its accuracy? An experimental study," FinMaP-Working Papers 30, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    20. Filippin, Antonio, 2003. "Discrimination and Workers' Expectations: Experimental Evidence," IZA Discussion Papers 824, Institute of Labor Economics (IZA).
    21. Hirshleifer, David & Teoh, Siew Hong, 2008. "Thought and Behavior Contagion in Capital Markets," MPRA Paper 9142, University Library of Munich, Germany.
    22. Meroz, Yael & Morone, Andrea & Morone, Piergiuseppe, 2009. "Eliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment," MPRA Paper 17107, University Library of Munich, Germany.
    23. Ruiz-Buforn, Alba & Alfarano, Simone & Camacho-Cuena, Eva & Morone, Andrea, 2018. "Crowding out effect and traders' overreliance on public information in financial markets: a lesson from the lab," MPRA Paper 88866, University Library of Munich, Germany.
    24. Simone Alfarano & Andrea Morone & Eva Camacho, 2011. "The role of public and private information in a laboratory financial market," Working Papers. Serie AD 2011-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    25. Zonna, Davide, 2016. "Sprechi di cibo e tentativi di riduzione. Un caso sperimentale [Avoiding food waste. A field experiment]," MPRA Paper 76097, University Library of Munich, Germany.
    26. Robert Merl, 2021. "Literature Review of Experimental Asset Markets with Insiders," Working Paper Series, Social and Economic Sciences 2021-04, Faculty of Social and Economic Sciences, Karl-Franzens-University Graz.
    27. Caferra, Rocco & Morone, Andrea & Nuzzo, Simone, 2019. "The Impact of a Pre-Opening Session on Subsequent Trading: an Experimental Analysis," MPRA Paper 92853, University Library of Munich, Germany.
    28. Romain Bocher, 2022. "The Intersubjective Markets Hypothesis," Journal of Interdisciplinary Economics, , vol. 34(1), pages 35-50, January.
    29. Marco Mazzoli & Christian Barducci, 2009. "Testing exchange rate efficiency: the case of euro-dollar," International Review of Applied Economics, Taylor & Francis Journals, vol. 23(4), pages 521-540.

  17. John D. Hey, 2018. "Experimental investigations of errors in decision making under risk," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 17, pages 381-388, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  18. John D. Hey & Luca Panaccione, 2018. "Dynamic decision making: what do people do?," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 10, pages 235-273, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  19. John D. Hey & Julia A. Knoll, 2018. "Strategies in dynamic decision making – An experimental investigation of the rationality of decision behaviour," World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 9, pages 223-233, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  20. John D. Hey, 1990. "The Possibility of Possibility," Palgrave Macmillan Books, in: Stephen F. Frowen (ed.), Unknowledge and Choice in Economics, chapter 10, pages 168-191, Palgrave Macmillan.
    See citations under working paper version above.

Books

  1. Mohammed Abdellaoui & John D. Hey (ed.), 2008. "Advances in Decision Making Under Risk and Uncertainty," Theory and Decision Library C, Springer, number 978-3-540-68437-4, March.

    Cited by:

    1. Matthew Kovach, 2021. "Ambiguity and Partial Bayesian Updating," Papers 2102.11429, arXiv.org, revised Mar 2023.
    2. Andrea Morone & Piergiuseppe Morone, 2012. "Individual and Group Behaviours in the Traveller's Dilemma: An Experimental Study," Working Papers 2012/09, Economics Department, Universitat Jaume I, Castellón (Spain).
    3. Minardi, Stefania & Savochkin, Andrei, 2019. "Subjective contingencies and limited Bayesian updating," Journal of Economic Theory, Elsevier, vol. 183(C), pages 1-45.
    4. Dominiak, Adam & Lefort, Jean-Philippe, 2009. "Unambiguous Events and Dynamic Choquet Preferences," Working Papers 0489, University of Heidelberg, Department of Economics.
    5. Takao Asano & Hiroyuki Kojima, 2019. "Consequentialism and dynamic consistency in updating ambiguous beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(1), pages 223-250, July.
    6. Andrea Morone & Simone Nuzzo & Rocco Caferra, 2019. "The Dollar Auction Game: A Laboratory Comparison Between Individuals and Groups," Group Decision and Negotiation, Springer, vol. 28(1), pages 79-98, February.
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  2. John D. Hey (ed.), 1997. "The Economics of Uncertainty," Books, Edward Elgar Publishing, volume 0, number 912.

    Cited by:

    1. Markus K Brunnermeier, 1997. "On Bounded Rationality and Risk Aversion," FMG Discussion Papers dp255, Financial Markets Group.
    2. John D. Hey, 2005. "Do People (Want To) Plan?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(1), pages 122-138, February.
    3. Anna Conte & John D Hey & Peter G Moffatt, 2007. "Mixture Models of Choice Under Risk," Discussion Papers 07/06, Department of Economics, University of York.
    4. Peter Temin & Joachim Voth, 2006. "Banking as an emerging technology: Hoare's Bank, 1702-1742," Economics Working Papers 1263, Department of Economics and Business, Universitat Pompeu Fabra.
    5. Vojtěch Menzl, 2021. "Alternative Views on the Link between Risk Aversion and Diminishing Marginal Utility of Wealth," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2021(2), pages 51-72.
    6. Giuseppe Attanasi & Laura Concina & Caroline Kamaté & Valentina Rotondi, 2020. "Firm’s protection against disasters: are investment and insurance substitutes or complements?," Theory and Decision, Springer, vol. 88(1), pages 121-151, February.

  3. John D. Hey (ed.), 1993. "Recent Developments In Experimental Economics," Books, Edward Elgar Publishing, volume 0, number 555.

    Cited by:

    1. Noussair, C.N. & Plott, C. & Riezman, R., 2007. "Production, trade and exchange rates in large experimental economies," Other publications TiSEM 3bf683fe-0650-4e8a-8682-c, Tilburg University, School of Economics and Management.
    2. Yefimov, Vladimir, 2004. "On pragmatist institutional economics," MPRA Paper 49016, University Library of Munich, Germany.
    3. Trenkel, Hermann E., 2005. "Möglichkeiten experimenteller Methoden in der Agrarökonomie," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 40, March.

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