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Does uncertainty cause inertia in decision making? An experimental study of the role of regret aversion and indecisiveness

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dc.creatorSautua, Santiago Ignacio
dc.date.accessioned2016-05-20T13:56:44Z
dc.date.available2016-05-20T13:56:44Z
dc.date.created2016-03-07
dc.date.issued2016
dc.description.abstractPrevious research has shown that often there is clear inertia in individual decision making---that is, a tendency for decision makers to choose a status quo option. I conduct a laboratory experiment to investigate two potential determinants of inertia in uncertain environments: (i) regret aversion and (ii) ambiguity-driven indecisiveness. I use a between-subjects design with varying conditions to identify the effects of these two mechanisms on choice behavior. In each condition, participants choose between two simple real gambles, one of which is the status quo option. I find that inertia is quite large and that both mechanisms are equally important.eng
dc.format.extent97 páginasspa
dc.format.mimetypeapplication/pdf
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dc.identifier.doihttps://doi.org/10.48713/10336_12038
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/12038
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.urihttps://ideas.repec.org/p/col/000092/014587.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
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dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcEconomía
dc.subject.jelC91
dc.subject.jelD01
dc.subject.jelD03
dc.subject.jelD81
dc.subject.keywordstatus quoeng
dc.subject.keywordinertiaeng
dc.subject.keywordreference-dependent preferenceseng
dc.subject.keywordregret aversioneng
dc.subject.keywordambiguityeng
dc.subject.keywordindecisivenesseng
dc.subject.lembEconomíaspa
dc.subject.lembToma de decisionesspa
dc.subject.lembInercia::Aspectos Económicosspa
dc.titleDoes uncertainty cause inertia in decision making? An experimental study of the role of regret aversion and indecisivenessspa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaDocumento de trabajospa
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