(Sub) Optimality and (non) optimal satisficing in risky decision experiments

We implement a risky choice experiment based on one-dimensional choice variables and risk neutrality induced via binary lottery incentives. Each participant confronts many parameter constellations with varying optimal payoffs. We assess (sub)optimality, as well as (non)optimal satisficing by eliciti...

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Veröffentlicht in:	Theory and decision 2017-08, Vol.83 (2), p.195-243
Hauptverfasser:	Di Cagno, Daniela, Galliera, Arianna, Güth, Werner, Marzo, Francesca, Pace, Noemi
Format:	Artikel
Sprache:	eng
Schlagworte:	Behavioral/Experimental Economics Constellations Decision making Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Game Theory Incentives Insurance Management Neutrality Operations Research/Decision Theory Optimization Portfolios Risk Social and Behav. Sciences Statistics for Business Uncertainty
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