The resolution of uncertainty: An experimental study

Journal of Institutional and Theoretical Economics

Volumn 152, Issue 4, 1996, Pages 593-607

  Ahlbrecht, Martin ^a   Weber, Martin ^a  

^a UNIVERSITY OF MANNHEIM   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030300376     PISSN: 09324569     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (27)

1. AHLBRECHT, M. and WEBER, M. [1995], "Gradual Resolution of Uncertainty," Working Paper No. 95-13, Lehrstühle für Finanzwirtschaft, Universität Mannheim.
2. - and - [1996], "An Empirical Study of Intertemporal Decision Making in the Case of Risk," Management Science, forthcoming.
3. BELL, D. E. [1974], "Evaluating Time Streams of Income," Omega, 2, 691-699.
4. BENZION, U., RAPOPORT, A. and YAGIL, J. [1989], "Discount Rates Inferred From Decisions: An Experimental Study," Management Science, 35, 270-284.
5. CHEW, S. H. and EPSTEIN, L. G. [1989], "The Structure of Preferences and Attitudes Towards the Timing of the Resolution of Uncertainty," International Economic Review, 30, 103-117.
6. - and HO, J. L. [1994], "Hope: An Empirical Study of Attitude Toward Timing of Resolution," Journal of Risk and Uncertainty, 8, 267-288.
7. EPSTEIN, L. G. and ZIN, S. E. [1991], "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis," Journal of Political Economy, 99, 263-286.
8. FISHBURN, P. C. and RUBINSTEIN, A. [1982], "Time Preference," International Economic Review, 23, 677-694.
9. KOOPMANS, T. C. [1960], "Stationary Ordinal Utility and Impatience," Econometrica, 28, 287-309.
10. -, DIAMOND, P. A. and WILLIAMSON, R. E. [1964], "Stationary Utility and Time Perspective," Econometrica, 32, 82-100.
11. KREPS, D. M. and PORTEUS, E. L. [1978], "Temporal Resolution of Uncertainty and Dynamic Choice Theory," Econometrica, 46, 185-200.
12. - and - [1979], "Temporal von Neumann-Morgenstern and Induced Preferences," Journal of Economic Theory, 20, 81-109.
13. LANCASTER, K. [1963], "An Axiomatic Theory of Consumer Time Preference," International Economic Review, 4, 221-231.
14. LOEWENSTEIN, G. [1987], "Anticipation and the Valuation of Delayed Consumption," Economic Journal, 97, 666-684.
15. - and PRELEC, D. [1992], "Anomalies in Intertemporal Choice: Evidence and an Interpretation," pp. 119-145 in: G. Loewenstein and J. Elster (eds.), Choice Over Time, Russell Sage Foundation: New York.
16. MACHINA, M. J. [1984], "Temporal Risk and the Nature of Induced Preferences," Journal of Economic Theory, 33, 199-231.
17. MARKOWITZ, H. M. [1959], Portfolio Selection, Wiley: New York.
18. MEYER, R. F. [1976], "Preferenes Over Time," pp. 473-514 in: R. L. Keeney and H. Raiffa (eds.), Decision With Multiple Objectives: Preferences and Value Tradeoffs, Wiley: New York.
19. MOSSIN, J. [1969], "A Note on Uncertainty and Preferences in a Temporal Context," American Economic Review, 59, 172-173.
20. MÚNERA, H. A. and DE NEUFVILLE, R. [1983], "A Decision Analysis Model When the Substitution Principle is not Acceptable," pp. 247-262 in: B. Stigum and F. Wenstøp (eds.), Foundations of Utility and Risk Theory With Applications, Reidel: Dordrecht, The Netherlands.
21. POPE, R. [1995], "Towards a More Precise Decision Framework; A Separation of the Negative Utility of Chance From Diminishing Marginal Utility and the Preference for Safety," Theory and Decision, 39, 241-265.
22. SHELLEY, M. [1994], "Gain/Loss Asymmetry in Risky Intertemporal Choice," Organizational Behavior and Human Decision Processes, 59, 124-159.
23. SPENCE, M. and ZECKHAUSER, R. J. [1972], "The Effect of the Timing of Consumption Decisions and the Resolution of Lotteries on the Choice of Lotteries," Econometrica, 40, 401-403.
24. STEVENSON, M. K. [1990], "The Impact of Temporal Context and Risk on the Judged Value of Future Outcomes," Organizational Behavior and Human Decision Processes, 52, 455-491.
25. THALER, R. [1981], "Some Empirical Evidence on Dynamic Consistency," Economics Letters, 8, 201-207.
26. WEIL, P. [1990], "Nonexpected Utility in Macroeconomics," Quarterly Journal of Economics, 40, 29-42.
27. WU, G. [1992], "Temporal Risk and Probability Weights: Rank-, Sign-, and Timing Dependent Utility," Working paper, Harvard Business School, Cambridge, MA.