Essays on decision making under uncertainty

0459769 - NHÚ 2019 RIV CZ eng D - Dizertace
Prokosheva, Sasha
Essays on decision making under uncertainty.
Prague: Charles University, CERGE, 2016. 112 s.
Grant CEP: GA MŠMT LC542; GA ČR(CZ) GBP402/12/G130
Institucionální podpora: RVO:67985998
Klíčová slova: decision under risk * ambiguity * uncertainty
Obor OECD: Applied Economics, Econometrics
http://www.cerge-ei.cz/pdf/dissertations/2016-prokosheva.pdf

This thesis examines several aspects of decision making under uncertainty. In the first chapter, coauthored with Ondřej Rydval, Andreas Ortmann, and Ralph Hertwig, we replicate three pricing tasks of Gneezy, List, and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. In the second chapter, I investigate the relationship between attitudes towards ambiguity and the ability to reduce compound risks. The evidence from an experiment on adolescents shows that patterns identified in the previous literature are susceptible to experimental implementation and the characteristics of the subjects. In the third chapter, I review recent experimental studies on decision making under ambiguity and identify the main determinants related to intrinsic characteristics of a subject (static contexts) and related to interaction between a subject and ambiguous reality (dynamic contexts).
Trvalý link: http://hdl.handle.net/11104/0259933