An Experimental Test of a Search Model under Ambiguity

Arbeitspapier

This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We observe a significant dip in a trend of reservation points when subjects are faced with ambiguity over wage distributions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 7933

Classification and Topics

• Classification: Wirtschaft ; Design of Experiments: Laboratory, Individual ; Criteria for Decision-Making under Risk and Uncertainty
• Subject: experiment ; search model ; ambiguity ; reservation wage

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Asano, Takao ; Okudaira, Hiroko ; Sasaki, Masaru
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/93358
• Last update: 10.03.2025, 11:42 AM CET