作者：Ergin, Haluk; Sarver, Todd
作者单位：Washington University (WUSTL); Northwestern University
摘要：We study preferences over menus which can be represented as if the individual is uncertain of her tastes, but is able to engage in costly contemplation before selecting an alternative from a menu. Since contemplation is costly, our key axiom, aversion to contingent planning, reflects the individual's preference to learn the menu from which she will be choosing prior to engaging in contemplation about her tastes for the alternatives. Our representation models contemplation strategies as subject...
作者：Bruhin, Adrian; Fehr-Duda, Helga; Epper, Thomas
作者单位：University of Zurich; Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：It has long been recognized that there is considerable heterogeneity in individual risk taking behavior, but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture model for three different experimental data sets, two Swiss and one Chinese, over a large number of real gains and losses. We find two major types of individuals: In all three data sets, the choices of roughly 80% of the subjects ...
