Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/49380 
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dc.contributor.authorTrautmann, Stefan T.en
dc.contributor.authorSchmidt, Ulrichen
dc.date.accessioned2011-09-02-
dc.date.accessioned2011-09-09T12:46:32Z-
dc.date.available2011-09-09T12:46:32Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/49380-
dc.description.abstractThere is a large literature showing that willingness-to-accept (WTA) is usually much higher than willingness-to-pay (WTP) in empirical studies although they should be roughly equal according to traditional economic theory. A second stream of literature shows that people are typically ambiguity averse, i.e. they prefer lotteries with known probabilities over lotteries with unknown ones. Our study combines both streams of literature and analyzes whether there is an interaction between the WTP-WTA disparity and ambiguity aversion.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1727en
dc.subject.jelC91en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordWTP-WTA disparityen
dc.subject.keywordambiguity aversionen
dc.subject.keywordcomparative ignoranceen
dc.subject.stwWillingness to payen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwRisikoaversionen
dc.subject.stwProspect Theoryen
dc.subject.stwTesten
dc.titlePricing risk and ambiguity: The effect of perspective taking-
dc.typeWorking Paperen
dc.identifier.ppn667628312en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1727en

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