Pub Date : 2023-05-20DOI: 10.1007/s11238-023-09933-z
Christian J. Feldbacher-Escamilla, Gerhard Schurz
{"title":"Meta-Inductive Probability Aggregation","authors":"Christian J. Feldbacher-Escamilla, Gerhard Schurz","doi":"10.1007/s11238-023-09933-z","DOIUrl":"https://doi.org/10.1007/s11238-023-09933-z","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"663 - 689"},"PeriodicalIF":0.8,"publicationDate":"2023-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46991612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-13DOI: 10.1007/s11238-023-09929-9
Francesca Pancotto, Simone Righi, Károly Takács
{"title":"Voluntary play increases cooperation in the presence of punishment: a lab in the field experiment","authors":"Francesca Pancotto, Simone Righi, Károly Takács","doi":"10.1007/s11238-023-09929-9","DOIUrl":"https://doi.org/10.1007/s11238-023-09929-9","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135243743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-12DOI: 10.1007/s11238-023-09935-x
K. Sharpe
{"title":"On the Ellsberg and Machina paradoxes","authors":"K. Sharpe","doi":"10.1007/s11238-023-09935-x","DOIUrl":"https://doi.org/10.1007/s11238-023-09935-x","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"539 - 573"},"PeriodicalIF":0.8,"publicationDate":"2023-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49160114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-11DOI: 10.1007/s11238-023-09934-y
A. Heyes, S. Kapur
{"title":"The precautionary principle when project implementation capacity is congestible","authors":"A. Heyes, S. Kapur","doi":"10.1007/s11238-023-09934-y","DOIUrl":"https://doi.org/10.1007/s11238-023-09934-y","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"691 - 711"},"PeriodicalIF":0.8,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46066927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-27DOI: 10.1007/s11238-023-09928-w
Arthur E Attema, Olivier L'Haridon, Gijs van de Kuilen
In this paper, we use the risk apportionment technique of Eeckhoudt, Rey and Schlesinger (2007) to study higher order risk preferences for others' health as well as ex-ante and ex-post inequality preferences for social risky distributions, and their interaction. In an experiment on a sample of university students acting as impartial spectators, we observe risk aversion towards social health losses and a dislike of ex-ante inequality. In addition, evidence for ex-post inequality seeking is much weaker than evidence for ex-ante inequality aversion. Because ex-ante inequality aversion is unrelated to risk aversion, we conclude that simple forms of utilitarianism are not relevant for individual judgment of social risk over health. Last, our investigation of precautionary distribution, which would occur when one particular group in the society suffers from background health risk, shows substantial polarization of preferences.
Supplementary information: The online version contains supplementary material available at 10.1007/s11238-023-09928-w.
{"title":"An experimental investigation of social risk preferences for health.","authors":"Arthur E Attema, Olivier L'Haridon, Gijs van de Kuilen","doi":"10.1007/s11238-023-09928-w","DOIUrl":"10.1007/s11238-023-09928-w","url":null,"abstract":"<p><p>In this paper, we use the risk apportionment technique of Eeckhoudt, Rey and Schlesinger (2007) to study higher order risk preferences for others' health as well as ex-ante and ex-post inequality preferences for social risky distributions, and their interaction. In an experiment on a sample of university students acting as impartial spectators, we observe risk aversion towards social health losses and a dislike of ex-ante inequality. In addition, evidence for ex-post inequality seeking is much weaker than evidence for ex-ante inequality aversion. Because ex-ante inequality aversion is unrelated to risk aversion, we conclude that simple forms of utilitarianism are not relevant for individual judgment of social risk over health. Last, our investigation of precautionary distribution, which would occur when one particular group in the society suffers from background health risk, shows substantial polarization of preferences.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11238-023-09928-w.</p>","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":" ","pages":"1-25"},"PeriodicalIF":0.8,"publicationDate":"2023-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10133917/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9770956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-24DOI: 10.1007/s11238-023-09930-2
Shiran Rachmilevitch
{"title":"The Nash bargaining solution: sometimes more utilitarian, sometimes more egalitarian","authors":"Shiran Rachmilevitch","doi":"10.1007/s11238-023-09930-2","DOIUrl":"https://doi.org/10.1007/s11238-023-09930-2","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"457 - 464"},"PeriodicalIF":0.8,"publicationDate":"2023-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45527274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-19DOI: 10.1007/s11238-023-09927-x
Alexandros Karakostas, Giles Morgan, Daniel John Zizzo
We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers' previous risk taking decisions. Subjects are asked how much of their endowment they wish to allocate in a lottery in which there is a 50% chance the amount they invest will be tripled and a 50% chance their investment will be lost. We use a 2 × 2 factorial design varying: (i) whether the subjects initially observed high or low investment social anchors, (ii) whether information about the investment decisions of other subjects in their social group is provided. We find strong evidence that individuals' risk taking decisions are malleable to that of their peers, which in turn leads to social clustering of risk taking. Social anchors shape initial risk taking, with mean investment then converging to a high level across treatments.
Supplementary information: The online version contains supplementary material available at 10.1007/s11238-023-09927-x.
{"title":"Socially interdependent risk taking.","authors":"Alexandros Karakostas, Giles Morgan, Daniel John Zizzo","doi":"10.1007/s11238-023-09927-x","DOIUrl":"10.1007/s11238-023-09927-x","url":null,"abstract":"<p><p>We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers' previous risk taking decisions. Subjects are asked how much of their endowment they wish to allocate in a lottery in which there is a 50% chance the amount they invest will be tripled and a 50% chance their investment will be lost. We use a 2 × 2 factorial design varying: (i) whether the subjects initially observed high or low investment social anchors, (ii) whether information about the investment decisions of other subjects in their social group is provided. We find strong evidence that individuals' risk taking decisions are malleable to that of their peers, which in turn leads to social clustering of risk taking. Social anchors shape initial risk taking, with mean investment then converging to a high level across treatments.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11238-023-09927-x.</p>","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":" ","pages":"1-14"},"PeriodicalIF":0.9,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10116893/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9770957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-28DOI: 10.1007/s11238-023-09925-z
Mustafa Oǧuz Afacan
{"title":"Axiomatic characterizations of the constrained probabilistic serial mechanism","authors":"Mustafa Oǧuz Afacan","doi":"10.1007/s11238-023-09925-z","DOIUrl":"https://doi.org/10.1007/s11238-023-09925-z","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"465 - 484"},"PeriodicalIF":0.8,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44617730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-17DOI: 10.1007/s11238-023-09924-0
M. Haan, D. Hauck
{"title":"Games with possibly naive present-biased players","authors":"M. Haan, D. Hauck","doi":"10.1007/s11238-023-09924-0","DOIUrl":"https://doi.org/10.1007/s11238-023-09924-0","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"1 1","pages":"1-31"},"PeriodicalIF":0.8,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47904738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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