Financial Interactions in the Presence of Ambiguity

Project Start:01/2016
Researchers:Wenhui Li, Peter Ockenfels, Christian Wilde
Category: Financial Intermediation, Experiment Center
Funded by:LOEWE

In this subproject, ambiguity is implemented in a controlled laboratory experimental setting with different heterogeneous individuals interacting. The aim is to better understand the consequences of ambiguity in a social context. This will help understand and improve market outcomes under ambiguity, such as information transmission, security pricing, trading, market participation, and portfolio composition.

Related Working Papers

No.Author/sTitleYearProgram AreaKeywords
251Wenhui Li, Christian WildeBelief Formation and Belief Updating under Ambiguity: Evidence from Experiments2019 Financial Intermediation, Experiment Center ambiguity, learning strategy, belief updates, non-Bayesian updates, pessimism, laboratory experiments