Liam asked recently: why do recessions feel bad?
He mentioned fear of the future, sadness due to the loss of posessions, and anger. In a recent blog-post, Derek Bownds suggests that money doesn't make us happy, certainty does (based on an Op-Ed piece from Daniel Gilbert in the N.Y. Times). Hence, uncertainty aversion?
Showing posts with label uncertainty. Show all posts
Showing posts with label uncertainty. Show all posts
Saturday, May 23, 2009
Friday, August 31, 2007
The biological basis of expected utility anomalies
Matsushita, Raul. Baldo, Dinora. Martin, Bruna & Da Silva, Sergio
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:4520&r=cbe
We assess the biological basis of expected utility anomalies through an experiment of the Allais paradox. A questionnaire study of 120 subjects replicates the anomalies and further gathers information about the respondents’ bio-characteristics, such as gender, age, parenthood, handedness, second to fourth digit ratio, current emotional state, past negative experiences, and religiousness. We find that some of those bio-characteristics matter for the anomalies
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:4520&r=cbe
We assess the biological basis of expected utility anomalies through an experiment of the Allais paradox. A questionnaire study of 120 subjects replicates the anomalies and further gathers information about the respondents’ bio-characteristics, such as gender, age, parenthood, handedness, second to fourth digit ratio, current emotional state, past negative experiences, and religiousness. We find that some of those bio-characteristics matter for the anomalies
Subscribe to:
Posts (Atom)