Ambiguity seeking as a result of the status quo bias

Welcome to the UPF Digital Repository

Journal of Risk and Uncertainty, Volume 32, Number 3, May 2006, pp. 175-194
http://hdl.handle.net/10230/759
To cite or link this document: http://hdl.handle.net/10230/759
dc.contributor.author Roca, Mercè
dc.contributor.author Hogarth, Robin
dc.contributor.author Maule, A. John
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2005-09-01
dc.identifier.citation Journal of Risk and Uncertainty, Volume 32, Number 3, May 2006, pp. 175-194
dc.identifier.uri http://hdl.handle.net/10230/759
dc.description.abstract Several factors affect attitudes toward ambiguity. What happens, however, when people are asked to exchange an ambiguous alternative in their possession for an unambiguous one? We present three experiments in which individuals preferred to retain the former. This status quo bias emerged both within- and between-subjects, with and without incentives, with different outcome distributions, and with endowments determined by both the experimenter and the participants themselves. Findings emphasize the need to account for the frames of reference under which evaluations of probabilistic information take place as well as modifications that should be incorporated into descriptive models of decision making.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 882
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Ambiguity seeking as a result of the status quo bias
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:15Z
dc.subject.keyword Behavioral and Experimental Economics
dc.subject.keyword ambiguity
dc.subject.keyword risk
dc.subject.keyword status quo bias
dc.subject.keyword decision making
dc.subject.keyword uncertainty
dc.subject.keyword leex
dc.rights.accessRights info:eu-repo/semantics/openAccess


See full text
This document is licensed under a Creative Commons license:

Search


Advanced Search

Browse

My Account

Statistics