Duersch, Peter
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Abstract
Subjects are asked to report their confidence in their own decisions regarding the Ellsberg three color urn. Subjective confidence is measured via a 5 point Likert scale. Surprisingly, subjects are more confident in their answer for the more complicated two color question, compared to the simple one color question. This is robust across a wide range of experimental contexts.
| Document type: | Working paper |
|---|---|
| Series Name: | Discussion Paper Series, University of Heidelberg, Department of Economics |
| Volume: | 0594 |
| Place of Publication: | Heidelberg |
| Date Deposited: | 18 Jun 2015 09:34 |
| Date: | June 2015 |
| Number of Pages: | 4 |
| Faculties / Institutes: | The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics |
| DDC-classification: | 330 Economics |
| Uncontrolled Keywords: | Ellsberg experiment, Confidence |
| Series: | Discussion Paper Series / University of Heidelberg, Department of Economics |
