کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884264 912381 2009 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment
چکیده انگلیسی

Experimental studies of search behavior suggest that individuals stop searching earlier than the optimal, risk-neutral stopping rule predicts. Two different classes of decision rules could generate this behavior: rules that are optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive processing capacities and satisficing. To discriminate between these possibilities, we conducted an experiment that consists of a search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not related to measures of risk aversion, but to measures of loss aversion.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 71, Issue 2, August 2009, Pages 347–360
نویسندگان
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