Ambiguity seeking as a result of the status quo bias
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- dc.contributor.author Roca, Mercè
- dc.contributor.author Hogarth, Robin M.
- dc.contributor.author Maule, A. John
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:26:43Z
- dc.date.available 2020-05-25T09:26:43Z
- dc.date.issued 2005-09-01
- dc.date.modified 2020-05-25T09:20:57Z
- 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.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=882
- 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.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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.subject.keyword Behavioral and Experimental Economics
- dc.title Ambiguity seeking as a result of the status quo bias
- dc.type info:eu-repo/semantics/workingPaper