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    Measuring ambiguity preferences: a new ambiguity preference survey module

    Cavatorta, Elisa and Schröder, David (2019) Measuring ambiguity preferences: a new ambiguity preference survey module. Journal of Risk and Uncertainty 58 (1), pp. 71-100. ISSN 0895-5646.

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    Abstract

    Ambiguity preferences are important to explain human decision-making in many areas in economics and finance. To measure individual ambiguity preferences, the experimental economics literature advocates using incentivized laboratory experiments. Yet, laboratory experiments are costly, time-consuming and require substantial administrative effort. This study develops an experimentally validated ambiguity preference survey module that can reliably measure ambiguity preferences when carrying out laboratory experiments is impractical. This toolkit may have wide applications, including end-of-session lab questionnaires, large scale surveys and financial client assessments.

    Metadata

    Item Type: Article
    Additional Information: The final publication is available at Springer via the link above.
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: David Schroeder
    Date Deposited: 13 Nov 2018 13:45
    Last Modified: 23 Jan 2020 15:56
    URI: http://eprints.bbk.ac.uk/id/eprint/25121

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