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Incomplete risk attitudes and random choice behavior: an elicitation mechanism
Theory and Decision ( IF 0.9 ) Pub Date : 2021-06-08 , DOI: 10.1007/s11238-021-09829-w
Edi Karni

In the presence of incomplete risk attitudes, choices between noncomparable risky prospects are random. A random choice model advanced by Karni (Incomplete preferences and random choice (unpublished manuscript), 2021) includes the hypothesis that choices among noncomparable risky prospects are prompted by signals drawn from personal distributions. This paper introduces a scheme designed to elicit subjects’ assessments of their personal likelihoods of choices among noncomparable risky prospects and describes experiments designed to test the aforementioned hypothesis.



中文翻译:

不完全风险态度与随机选择行为:一种诱导机制

在存在不完全风险态度的情况下,不可比较的风险前景之间的选择是随机的。Karni 提出的随机选择模型(不完整的偏好和随机选择(未发表的手稿),2021 年)包括这样一个假设,即在不可比较的风险前景中进行选择是由个人分布的信号引起的。本文介绍了一种设计方案,旨在让受试者评估他们在不可比较的风险前景中做出选择的个人可能性,并描述了旨在检验上述假设的实验。

更新日期:2021-06-08
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