Seeking first time experiment

Added: Nyisha Branam - Date: 13.02.2022 01:46 - Views: 12194 - Clicks: 8487

Log in through your institution. Numerous theoretical predictions such as precautionary saving or preventive behavior have been derived for prudent decision makers.

Seeking first time experiment

Further, prudence can be characterized as downside risk aversion and plays a key role in preference for skewness. We use a simple experimental method to test for prudence and Seeking first time experiment preference in the laboratory and compare the two.

To this end, we introduce a novel graphical representation of compound lotteries that is easily accessible to subjects and test it for robustness, using a factorial de. Prudence is observed on the aggregate and individual level. We find that prudence does not boil down to skewness seeking. We further provide some theoretical explanations for this result.

Management Science is a cross-functional, multidisciplinary examination of advances and solutions supporting enhanced strategic planning and management science. With over 12, members from around the globe, INFORMS is the leading international association for professionals in operations research and analytics. INFORMS promotes best practices and advances in operations research, management science, and analytics to improve operational processes, decision-making, and outcomes through an array of highly-cited publications, conferences, competitions, networking communities, and professional development services.

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Seeking first time experiment

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Seeking first time experiment

Custom alerts when new content is added. Abstract Numerous theoretical predictions such as precautionary saving or preventive behavior have been derived for prudent decision makers. Journal Information Management Science is a cross-functional, multidisciplinary examination of advances and solutions supporting enhanced strategic planning and management science.

Publisher Information With over 12, members from around the globe, INFORMS is the leading international association for professionals in operations research and analytics.

Seeking first time experiment

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