ELLSBERGOV PARADOX: ROZHODOVANIE ZA PODMIENOK RIZIKA A NEISTOTY

• Authors: Baláž Vladimír , Fifeková Elena , Nemcová Edita

Title variants

EN

Ellsberg paradox: decision-making under risk and uncertainity

• Languages of publication: SK

Abstracts

EN

This research analysed decisions under risk and ambiguity on a sample of 539 students of the Bratislava University of Economics. Experiments with bets on Ellsberg paradox and familiar events generated results similar to those obtained by Fox and Tversky in 1995. New findings relate to gender differences in decisions under risk and uncertainty. Female students were more ambiguity averse, if they had felt less competent in area of decision. While bets by male participants were significantly higher in financial topics, gender differences were much lower in bets on linguistic topics.

Keywords

EN

BEHAVIOURAL ECONOMICS; DECISION-MAKING; ELLSBERG PARADOX; RISK; UNCERTAINTY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2009
• Volume: 57
• Issue: 3
• Pages: 213-229
• Document type: ARTICLE

Contributors

author

Baláž Vladimír

• Prognostický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic

author

Fifeková Elena

author

Nemcová Edita

• Vladimir Balaz, Prognosticky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

09SKAAAA065923