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dc.creatorSautua, Santiago-Ignacio
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.
dc.format.extent97 páginas
dc.subject.lembToma de decisiones
dc.subject.lembInercia::Aspectos Económicos
dc.titleDoes uncertainty cause inertia in decision making? An experimental study of the role of regret aversion and indecisiveness
dc.publisherUniversidad del Rosario
dc.publisher.departmentFacultad de Economía
dc.subject.keywordstatus quo
dc.subject.keywordreference-dependent preferences
dc.subject.keywordregret aversion
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto completo)
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dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR

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