Original title:
On Experimental Part of Behavior under Ambiguity
Authors:
Kratochvíl, Václav ; Jiroušek, Radim Document type: Papers Conference/Event: Czech-Japan Seminar on Data Analysis and Decision Making 2019 (CJS’19) /22./, Nový Světlov (CZ), 20190925
Year:
2019
Language:
eng Abstract:
People are risk-takers, risk-averse, or neutral. In the literature, one can find experiments illustrating the ambiguity aversion of human decision-makers. Recently, a personal coefficient of ambiguity aversion has been introduced. We have decided to measure the coefficient and its stability during the time. In this paper, we describe performed experiments and their structure to launch a discussion of possible design weaknesses or to suggest other methods of measuring it.
Keywords:
decision making; personal coefficient; uncertainty Project no.: GA19-06569S (CEP) Funding provider: GA ČR Host item entry: Proceedings of the 22nd Czech-Japan Seminar on Data Analysis and Decision Making (CJS’19), ISBN 978-80-7378-400-3