摘要翻译:
我们实现了主观期望效用理论及其推广的非参数显示偏好检验。我们发现,大多数被试的选择都符合某种效用函数的最大化。它们对价格变化的反应方向是主观预期效用理论预测的方向,但不是达到使它们与理论相一致的程度。Maxmin期望的实用程序dds没有解释能力。偏离理论的程度与人口特征无关。我们的发现在学生群体的实验室数据和在美国人口的一般样本的小组调查中基本上是相同的。
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英文标题:
《Decision Making under Uncertainty: An Experimental Study in Market
Settings》
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作者:
Federico Echenique and Taisuke Imai and Kota Saito
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最新提交年份:
2021
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分类信息:
一级分类:Economics 经济学
二级分类:General Economics 一般经济学
分类描述:General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要:
We implement nonparametric revealed-preference tests of subjective expected utility theory and its generalizations. We find that a majority of subjects' choices are consistent with the maximization of some utility function. They respond to price changes in the direction subjective expected utility theory predicts, but not to a degree that makes them consistent with the theory. Maxmin expected utility a dds no explanatory power. The degree of deviations from the theory is uncorrelated with demographic characteristics. Our findings are essentially the same in laboratory data with a student population and in a panel survey with a general sample of the U.S. population.
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PDF链接:
https://arxiv.org/pdf/1911.00946