Intertemporal stability of uncertainty preferences

• Verfasst von: Dürsch, Peter [VerfasserIn]
• Verfasst von: Römer, Daniel [VerfasserIn]
• Verfasst von: Roth, Benjamin [VerfasserIn]
• Titel: Intertemporal stability of uncertainty preferences
• Verf.angabe: Peter Duersch, Daniel Römer, Benjamin Roth
• E-Jahr: 2017
• Jahr: 9 February 2017
• Umfang: 14 S.
• Fussnoten: Gesehen am 27.09.2018
• Titel Quelle: Enthalten in: Journal of economic psychology
• Ort Quelle: Amsterdam [u.a.] : Elsevier, 1981
• Jahr Quelle: 2017
• Band/Heft Quelle: 60(2017), Seite 7-20
• ISSN Quelle: 0167-4870
• DOI: doi:10.1016/j.joep.2017.01.008
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe: Dürsch, Peter: Intertemporal stability of uncertainty preferences. - 2017
• Sach-SW: Ambiguity
• Sach-SW: Risk
• Sach-SW: Stability of preferences
• Sach-SW: Experiment
• K10plus-PPN: 1581359462

Abstract

We analyze the stability of ambiguity preferences experimentally, by repeatedly eliciting ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. 57% of the choices show stable preferences over this time period. This is significantly higher than random choices would suggest, but significantly lower than the level of consistency when measures are taken back-to-back (75%). Over the same time frame, we do not find a significant change in the consistency of risk preferences. For subjects who are able to recall their ambiguity decision after two months correctly, the share of consistent choices does not drop significantly over time.