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Applied Micro Workshop – Jan Luca Henkel, “Ambiguity as a Determinant of Discounting”

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Jan Luca Henkel: “Ambiguity as a Determinant of Discounting” Decisions with outcomes realizing in the future inherently contain ambiguity. This suggest a natural link between ambiguity and intertemporal behavior. Based on this, I investigate whether ambiguity attitudes shape intertemporal decision-making using a laboratory experiment. A key feature of my design is that I jointly elicit ambiguity attitudes as well as discounting behavior over a consumption good. Importantly, I exogenously vary the timing of receiving the good and, independently, the ambiguity over the utility of consuming the good. This allows me to quantify the change in ambiguity over time and causally measure its impact on discounting behavior. Pilot data suggests that ambiguity indeed has a causal impact and is capable of explaining a large fraction of observed discounting behavior.

Event details
What
  • Presentation
When Jul 05, 2019
from 09:00 to 10:15
Where briq, Seminar Room 9/1.1, Schaumburg-Lippe-Straße 9
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