Ítem
Solo Metadatos
Off the charts: Massive unexplained heterogeneity in a global study of ambiguity attitudes
Título de la revista
Autores
l’Haridon, Olivier
Vieider, Ferdinand M.
Aycinena Abascal, Diego
Bandur, Agustinus
Belianin, Alexis
Cingl, Lubomír
Kothiyal, Amit
Martinsson, Peter
Fecha
2018
Directores
ISSN de la revista
Título del volumen
Editor
MIT Press Journals
Buscar en:
Métricas alternativas
Resumen
Abstract
Ambiguity attitudes have been prominently used in economic models, but we still know little about their demographic correlates or their generalizability beyond the West. We analyze the ambiguity attitudes of almost 3,000 students across thirty countries. For gains, we find ambiguity aversion everywhere, while ambiguity aversion is much weaker for losses. Ambiguity attitudes change systematically with probabilities for both gains and losses. Much of the between-country variation can be explained through a fewmacroeconomic characteristics. In contrast, we find massive unexplained variation at the individual level. We also find much unexplained heterogeneity in individual responses to different decision tasks. © 2018 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Palabras clave
Keywords
Massive , unexplained , heterogeneity , global , study , ambiguity , attitudes
