|Researchers:||Wenhui Li, Peter Ockenfels, Christian Wilde|
|Category:||Financial Intermediation, Experiment Center|
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.
|251||Wenhui Li, Christian Wilde||Belief Formation and Belief Updating under Ambiguity: Evidence from Experiments||2019||Financial Intermediation, Experiment Center||ambiguity, learning strategy, belief updates, non-Bayesian updates, pessimism, laboratory experiments|