Carlos Alós-Ferrer, Alexander Jaudas, Alexander Ritschel
{"title":"Effortful Bayesian updating: A pupil-dilation study","authors":"Carlos Alós-Ferrer, Alexander Jaudas, Alexander Ritschel","doi":"10.1007/s11166-021-09358-5","DOIUrl":"https://doi.org/10.1007/s11166-021-09358-5","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"63 1","pages":"81 - 102"},"PeriodicalIF":4.7,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47615305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Stochastic superiority","authors":"Liqun Liu, Jack Meyer","doi":"10.1007/s11166-021-09362-9","DOIUrl":"https://doi.org/10.1007/s11166-021-09362-9","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"74 1","pages":"225 - 246"},"PeriodicalIF":4.7,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52529880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Justice in an uncertain world: Evidence on donations to cancer research","authors":"Tigran Melkonyan, Zvi Safra, Sinong Ma","doi":"10.1007/s11166-021-09348-7","DOIUrl":"https://doi.org/10.1007/s11166-021-09348-7","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"155 1","pages":"281 - 311"},"PeriodicalIF":4.7,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52529822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks","authors":"E. Mentzakis, Jana Sadeh","doi":"10.1007/s11166-021-09354-9","DOIUrl":"https://doi.org/10.1007/s11166-021-09354-9","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"203 - 224"},"PeriodicalIF":4.7,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09354-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43846893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Learning under uncertainty with multiple priors: experimental investigation","authors":"J. Bland, Yaroslav Rosokha","doi":"10.1007/s11166-021-09351-y","DOIUrl":"https://doi.org/10.1007/s11166-021-09351-y","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"157 - 176"},"PeriodicalIF":4.7,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09351-y","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43245620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Adversity-hope hypothesis: Air pollution raises lottery demand in China","authors":"S. Chew, Haoming Liu, A. Salvo","doi":"10.1007/s11166-021-09353-w","DOIUrl":"https://doi.org/10.1007/s11166-021-09353-w","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"247 - 280"},"PeriodicalIF":4.7,"publicationDate":"2021-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09353-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46287477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the validity of the estimates of the VSL from contingent valuation: Evidence from the Czech Republic","authors":"A. Alberini, Milan Ščasný","doi":"10.1007/s11166-021-09347-8","DOIUrl":"https://doi.org/10.1007/s11166-021-09347-8","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"55 - 87"},"PeriodicalIF":4.7,"publicationDate":"2021-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09347-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41560632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Michael R Eber, Cass R Sunstein, James K Hammitt, Jennifer M Yeh
{"title":"The Modest Effects of Fact Boxes on Cancer Screening.","authors":"Michael R Eber, Cass R Sunstein, James K Hammitt, Jennifer M Yeh","doi":"10.1007/s11166-021-09344-x","DOIUrl":"https://doi.org/10.1007/s11166-021-09344-x","url":null,"abstract":"<p><p>As health care becomes increasingly personalized to the needs and values of individual patients, informational interventions that aim to inform and debias consumer decision-making are likely to become important tools. In a randomized controlled experiment, we explore the effects of providing participants with published fact boxes on the benefits and harms of common cancer screening procedures. Female participants were surveyed about breast cancer screening by mammography, while male participants were surveyed about prostate cancer screening by prostate-specific antigen (PSA) testing. For these screening procedures, we expect consumers to have overly optimistic prior beliefs about the benefits and harms. We find that participants update their beliefs about the net benefits of screening modestly, but we observe little change in their stated preferences to seek screening. Participants who scored higher on a numeracy test updated their beliefs about screening benefits more in response to the fact boxes than did participants who scored lower on the numeracy test.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"29-54"},"PeriodicalIF":4.7,"publicationDate":"2021-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09344-x","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39307610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Timo R Lambregts, Paul van Bruggen, Han Bleichrodt
{"title":"Insurance decisions under nonperformance risk and ambiguity.","authors":"Timo R Lambregts, Paul van Bruggen, Han Bleichrodt","doi":"10.1007/s11166-021-09364-7","DOIUrl":"https://doi.org/10.1007/s11166-021-09364-7","url":null,"abstract":"<p><p>An important societal problem is that people underinsure against risks that are unlikely or occur in the far future, such as natural disasters and long-term care needs. One explanation is that uncertainty about the risk of non-reimbursement induces ambiguity averse and risk prudent decision makers to take out less insurance. We set up an insurance experiment to test this explanation. Consistent with the theoretical predictions, we find that the demand for insurance is lower when the nonperformance risk is ambiguous than when it is known and when decision makers are risk prudent. We cannot attribute the lower take-up of insurance to our measure of ambiguity aversion, probably because ambiguity attitudes are richer than aversion alone.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11166-021-09364-7.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"63 3","pages":"229-253"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8625686/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39694271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risk Taking with Left- and Right-Skewed Lotteries<sup />.","authors":"Douadia Bougherara, Lana Friesen, Céline Nauges","doi":"10.1007/s11166-021-09345-w","DOIUrl":"https://doi.org/10.1007/s11166-021-09345-w","url":null,"abstract":"<p><p>While much literature has focused on preferences regarding risk, preferences over skewness also have significant economic implications. An important and understudied aspect of skewness preferences is how they affect risk taking. In this paper, we design a novel laboratory experiment that elicits certainty equivalents over lotteries where the variance and skewness of the outcomes are orthogonal to each other. This design enables us to cleanly measure both skewness seeking/avoiding and risk taking behavior, and their interaction, without needing to make parametric assumptions. Our experiment includes both left- and right-skewed lotteries. The results reveal that the majority of subjects are skewness avoiding risk takers who correspondingly also take more risk when facing less skewed lotteries. Our second contribution is to link these choices to individual rank-dependent utility preference parameters estimated using a separate lottery choice protocol. Using a latent-class model, we are able to identify two classes of subjects: skewness avoiders with the classic inverse s-shaped probability weighting function and skewness neutral subjects that do not have an inverse s-shaped probability weighting function. Our results thus demonstrate the link between probability distortion and skewness seeking/avoidance choices. They also highlight the importance of accounting for individual heterogeneity.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11166-021-09345-w.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"89-112"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09345-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"38964575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}