Arbeitspapier
Negative recency, randomization device choice, and reduction of compound lotteries
We report an experiment in which subjects are not indifferent between real-money lotteries implemented with randomization devices that are equivalent under the Reduction Axiom. Instead choice behavior is consistent with subjective distortion of conditional probability, and this persists in treatment conditions that control for (i) computational limitations and (ii) possible confounding by ratio bias.
- Sprache
-
Englisch
- Erschienen in
-
Series: KIT Working Paper Series in Economics ; No. 22
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Design of Experiments: Laboratory, Individual
- Thema
-
reduction of compound lotteries
negative recency effect
gambler's fallacy
law of small numbers
randomization devices
instruments and materials
design of experiments
St. Petersburg paradox
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kaivanto, Kim
Kroll, Eike Benjamin
- Ereignis
-
Veröffentlichung
- (wer)
-
Karlsruher Institut für Technologie (KIT), Institut für Volkswirtschaftslehre (ECON)
- (wo)
-
Karlsruhe
- (wann)
-
2011
- DOI
-
doi:10.5445/IR/1000022861
- Handle
- URN
-
urn:nbn:de:swb:90-228610
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kaivanto, Kim
- Kroll, Eike Benjamin
- Karlsruher Institut für Technologie (KIT), Institut für Volkswirtschaftslehre (ECON)
Entstanden
- 2011
Ähnliche Objekte (12)
Compound semiconductor device modelling
Cautious stochastic choice, optimal stopping and deliberate randomization
A theory of school choice lotteries
Choice among Lotteries when Preferences are Stochastic
The Choice of a Randomization Procedure in Survival Studies with Nonproportional Hazards
Reliability of an interactive sport-specific choice reaction time device
Compound Ethnicity, Compound Identity
A compound analysis of medical device clinical trials registered in Africa on clinicaltrials.gov
Parameterized randomization
Determination of the complex refractive index of compound semiconductor alloys for optical device modelling
Highly Robust Double Memristive Device Based on Perovskite/Molybdenum Oxide‐Sulfide Compound Heterojunction System
How lotteries in school choice help to level the playing field
Compound semiconductor device modelling
Cautious stochastic choice, optimal stopping and deliberate randomization
A theory of school choice lotteries
Choice among Lotteries when Preferences are Stochastic
The Choice of a Randomization Procedure in Survival Studies with Nonproportional Hazards
Reliability of an interactive sport-specific choice reaction time device
Compound Ethnicity, Compound Identity
A compound analysis of medical device clinical trials registered in Africa on clinicaltrials.gov
Parameterized randomization
Determination of the complex refractive index of compound semiconductor alloys for optical device modelling
Highly Robust Double Memristive Device Based on Perovskite/Molybdenum Oxide‐Sulfide Compound Heterojunction System
How lotteries in school choice help to level the playing field
Compound semiconductor device modelling
Cautious stochastic choice, optimal stopping and deliberate randomization
A theory of school choice lotteries
Choice among Lotteries when Preferences are Stochastic
The Choice of a Randomization Procedure in Survival Studies with Nonproportional Hazards
Reliability of an interactive sport-specific choice reaction time device
Compound Ethnicity, Compound Identity
A compound analysis of medical device clinical trials registered in Africa on clinicaltrials.gov
Parameterized randomization
Determination of the complex refractive index of compound semiconductor alloys for optical device modelling
Highly Robust Double Memristive Device Based on Perovskite/Molybdenum Oxide‐Sulfide Compound Heterojunction System